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Schenectady International Acquires DSM's Phenolic Resin Product Line

Published on 2003-09-30. Author : SpecialChem

 

Schenectady International, Inc. announces the purchase of a DSM Coating Resins Europe B. V. (DSM) phenolic resin product line. The product line consists of phenolic resins which are used for internal and external can coating applications. Schenectady's Bethune facility has been producing these materials on a toll basis for DSM for the past several years.

The acquisition of this business, along with Schenectady's existing sales into the paint and coatings market, strengthens Schenectady's position as one of the leading suppliers of phenolic resins to the coatings industry. "Phenolic resins provide unique and outstanding performance in the coatings industry. This acquisition, along with our new REZILITE colorless phenolic resin product, is an indication of Schenectady's commitment to growth and new product development in the phenolic specialties business," states Bill Scheffer, GM Performance Resins at Schenectady.

The details of the transaction are not disclosed.

Schenectady International is a leading producer of phenolic resins, alkylphenols, and electronic chemicals. The company has 21 operations in 14 countries.

Source: Schenectady International Inc.


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