BNET Industries
Last Fiscal Year Sales:$5.8B
- Private
- US
Dow Jones Description
We are a New Jersey corporation with predecessors dating back to 1899 and are the worlds largest producer of thermosetting resins, or thermosets. Thermosets are a critical ingredient in virtually all paints, coatings, glues and other adhesives produced for consumer or industrial uses. We provide a broad array of thermosets and associated technologies, and have leading market positions in each of the key markets that we serve. Our breadth of related products provides our operations, technology and commercial service organizations with competitive advantages, while our scale provides us with significant efficiencies in our cost structure, allowing us to compete effectively throughout the value chain. Our value-added, technical service-oriented business model enables us to effectively participate in high-end specialty markets, while our scale enables us to capture value from higher volume applications. Thermosets are developed to meet the performance characteristics required for each specific end use product. The type of thermoset used, and how it is formulated, applied and cured, determines its key attributes, such as durability, gloss, heat resistance, adhesion, or strength of the final product. We have the broadest range of thermoset resin technologies in our industry, with world class research, applications development and technical service capabilities. ...
Chairman, President and CEO
Craig O. MorrisonNumber of Employees 6,400
Peer Companies
NAICS Code Plastics Material and Resin Manufacturing: 325211
Recent Events
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Hexion will continue to cut costs despite Q3 gain, CEO says
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HEXION SPECIALTY CHEMICALS: Powder Coating Resins (7/7/09)
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Union Carbide Corp. v. Smith
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UPDATE 4-Huntsman to bid $415 million for Tronox assets
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Huntsman CEO worries about W-shaped recovery
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UPDATE 1-Hexion Specialty Chemicals 2nd quarter loss narrows
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Hexion Specialty Chemicals Announces Preliminary Second Quarter 2009 Results
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Deadline two days away for 2009 polyurethane award nominations
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Huntsman Corp.'s dispute with 2 banks is going to trial
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Hexion adding to Gahanna operations
News & Analysis
Filter by
hexion specialty chemicals inc. - All News and Analysis
Hexion Specialty Chemicals, Inc. and Huntsman Corporation Agree To FTC Request To Extend Review Time For Proposed Merger
COLUMBUS, Ohio -- Hexion Specialty Chemicals announced today that both it and Huntsman Corporation have agreed to allow additional time for the Federal Trade Commission to review the proposed merger of the two companies. As a result, the merger is not expected to close before May 3. To accommodate the...
Apollo raises Huntsman bid
DALLAS -- Apollo Management LP raised its takeover bid for rival chemical company Huntsman Corp. to about $6.5 billion on Monday, sweetening an offer that was already higher than a competitor's proposal. Apollo raised the bid by its Hexion Specialty Chemicals Inc. unit by 2.7 percent even though...
Hexion Specialty Chemicals Completes Purchase Of Orica Limited's Adhesives & Resins Business
COLUMBUS, Ohio -- Hexion Specialty Chemicals, Inc. announced today that it has completed its purchase of the adhesives and resins business of Orica Limited. The purchase price was not disclosed. The Orica adhesives and resins business manufactures formaldehyde and formaldehyde-based binding resins used primarily in the forest products...
Hexion Specialty Chemicals Completes Purchase of Ink & Adhesive Resins Business From Akzo Nobel
COLUMBUS, Ohio -- Hexion Specialty Chemicals, Inc., the world's largest producer of thermoset resins, announced today that it has completed its purchase of the global ink and adhesive resins business of Akzo Nobel. The business produces resins used to manufacture inks for commercial printing and packaging, digital inks for...
Borden Chemical, Inc. Files Registration Statement for Initial Public Offering of Common Stock
COLUMBUS, Ohio -- Borden Chemical, Inc. today filed a registration statement, which is not yet effective, with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. In addition, shares of common stock will be sold by a selling shareholder of the company,...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Kevin W. McGuire | Chief Information Officer |
| Willaim H. Carter | CFO & Executive Vice President |
| William H Carter | Director, Executive Vice President and Chief Financial Officer |
| Cornelis Kees Verhaar | Executive Vice President, Presidentepoxy and Coating Resins |
| Ernest T Whitus | Executive Vice Presidenthuman Resources |
| Ernie Whitus | Executive Vice President, Human Resources |
| Joseph P. Bevilaqua | Executive Vice President, Presidentphenolic and Forest Products Resins |
| MARY ANN JORGENSON | Executive Vice President and General Counsel |
| Nathan E. Fisher | Executive Vice President Â?? Global Procurement |
| Richard A. Lamond | Executive Vice President, Hr |
| Richard L. Monty | Executive Vice Presidentenvironmental Health and Safety |
| George F. Knight | Senior Vice Presidentfinance and Treasurer |
| David Hemm | Vice President, Performance Adhesives |
| Nipesh Shah | Vice President Â?? Six Sigma |
| Peter Loscocco | Vice President, Public Affairs |
| Raymond H. Glaser | Vice President, Strategy & Dev |
| John Kompa | Director, Ir |
| John Housenga | Product Manager, Coating Resins |
| Paul Lindquist | New Business Development Manager for the Hexion Uv |
| Ellen German Berndt | Secretary & Assistant General Counsel |
| Mark A Freshwater | Technical Market Specialist |
| Jordan C. Zaken | Director |
| Scott M. Kleinman | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Craig O. Morrison | Chairman, President and CEO |
| Marvin O. Schlanger | Vice Chairman |
| Robert V. Seminara | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Chairman, President and CEO | Current |
| Borden Chemical Foundry, Inc. | Director, Chairman, President and Chief Executive Officer | Current |
| Health-Corp | Board of Directors | Current |
| Health-Corp | Member | Current |
| Hexion Speciality Chemical Inc | President & CEO | Former |
| Hexion Speciality Chemical Inc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Chief Information Officer | Current |
| Brainbench, Inc. | Chief Operating Officer | Former |
| Hexion Specialty Chemicals, Inc. | Executive Vice President | Former |
| Union Carbide Corporation | Senior Director, Information Technology & Process Automation | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | CFO & Executive Vice President | Current |
| Hexion Specialty Chemicals, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Director, Executive Vice President and Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice President, Presidentepoxy and Coating Resins | Current |
| Borden Chemical Foundry, Inc. | Executive Vice President, Presidentepoxy and Coating Resins | Current |
| Hexion Specialty Chemicals, Inc. | President, Epoxy and Coating Resins | Former |
| Noveon, Inc. | Senior Vice President for the Performance Coatings Business | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice Presidenthuman Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice President, Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice President, Presidentphenolic and Forest Products Resins | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice President and General Counsel | Current |
| Squire, Sanders & Dempsey L.L.P. | Partner | Current |
| Yukos Oil Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice President Â?? Global Procurement | Current |
| Hexion Specialty Chemicals, Inc. | Director of Global Procurement | Former |
| Eastman Chemical Company | Global Chemicals Procurement Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice President, Hr | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Executive Vice Presidentenvironmental Health and Safety | Current |
| Borden Chemical Foundry, Inc. | Executive Vice President, Environmental Health and Safety | Current |
| Huntsman Corporation | Director, Global Environmental Health& Safety | Former |
| Huntsman Corporation | Environmental Health and Safety Positions | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Senior Vice Presidentfinance and Treasurer | Current |
| Hexion Specialty Chemicals, Inc. | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Vice President, Performance Adhesives | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Vice President Â?? Six Sigma | Current |
| Avery Dennison Corporation | Six Sigma Plus Leader | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Vice President, Public Affairs | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Vice President, Strategy & Dev | Current |
| World Kitchen LLC | Board of Directors | Current |
| W.R. Grace & Company | Director of Business Development | Former |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Director, Ir | Current |
| Hexion Specialty Chemicals, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Product Manager, Coating Resins | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | New Business Development Manager for the Hexion Uv | Current |
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Secretary & Assistant General Counsel | Current |
I have spent my entire career in the organic pigment industry working primarily for 2 companies, Hoechst Celanese and LANSCO COLORS. During my 20 years in the industry I have worked on the development, sales, marketing, and sourcing of Organic Pigments for the coatings, inks, and plastics industries. I enjoyed 2 years in Germany as a Pigment Product Manager and have made several trips to Asia working on various pigment projects. I have been the guest speaker at many local and national conferences speaking on a variety of pigment subjects. I am a member of the Society of Plastics Engineers as well as the Federal Society of Coatings Technology.. He has held various positions throughout his career, including Technical Manager, Technical Director, Business Development Manager, and currently is a Technical Market Specialist for Hexion Specialty Chemicals.Mr. Johnson's hobbies include motorcycling, boating, rebuilding small engines and enjoying the wilderness. He can frequently be found wandering the beaches of Union Pier, Michigan with his wife, daughter and son, or some combination thereof.
| Organization | Position | Status |
|---|---|---|
| BNP Media Events | Vice President of Sales and Marketing | Current |
| Hexion Specialty Chemicals, Inc. | Technical Market Specialist | Current |
Jordan C. Zaken. Mr. Zaken has been one of our directors since August 2006. He is a Partner at Apollo Management, L.P., where he has worked since 1999. Mr. Zaken was employed by Goldman, Sachs & Co. in its Mergers and Acquisitions Department from 1997 to 1999. He also is a director of Hexion Specialty Chemicals, Inc.
| Organization | Position | Status |
|---|---|---|
| Apollo Management L.P. | Partner | Current |
| Hexion Specialty Chemicals, Inc. | Director | Current |
| Borden Chemical Foundry, Inc. | Director | Current |
| Verso Paper Holdings LLC | Board of Directors | Current |
| Goldman, Sachs & Co. | Former |
Marvin O. Schlanger was elected Director and Vice Chairman of the Board of Directors of the Company on June 29, 2005. Mr. Schlanger served as Chairman and Chief Executive Officer of Resolution Performance and RPP Capital Corporation since November 2001 until the closing of the Hexion Formation. Since October 1998, Mr. Schlanger has been a principal in the firm of Cherry Hill Chemical Investments, LLC, which provides management services and capital to the chemical and allied industries. Mr. Schlanger is also a director of AmeriGas Partners L.P., UGI Corporation, UGI Utilities, and Momentive Performance Materials, Inc., and a director and Chairman of the Board of CEVA Group Plc. Prior to the Hexion Formation, he was a director and Chairman of the Board of RPP Capital and Resolution Specialty Materials, Inc. Mr. Schlanger is Chairman of the Environmental, Health and Safety Committee of the Board of Directors.
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Director, Vice Chairman | Current |
| CEVA Group plc | Chairman of The Board | Current |
| Covalence Specialty Materials Corp. | Chairman of the Board of Directors | Current |
| CEVA Group plc | Director | Current |
| AmeriGas Propane Inc | Board of Directors | Current |
| UGI Corporation | Vice Chairman | Current |
| AmeriGas Partners, L.P. | Director | Current |
| Momentive Performance Materials Inc. | Board of Directors | Current |
| UGI Utilities, Inc. | Director | Current |
| Hexion Specilaty Chemical Inc | Chairman & CEO | Former |
| RPP Capital Corporation | Chairman & CEO | Former |
| ARCO Chemical Company | Chief Executive Officer | Former |
| ARCO Chemical Company | President | Former |
| UGI Corporation | Board Director | Current |
| ARCO Chemical Company | Executive Vice President | Former |
| Resolution Specialty Materials LLC | Chairman of the Board | Former |
| RPP Capital Corporation | Director | Former |
| Hexion Specialty Chemicals, Inc. | Director | Former |
| Hexion Speciality Chemical Inc | Board of Directors | Former |
| Resolution Specialty Materials LLC | Director | Former |
Mr. Seminara , age 34, has been a director since February 2006. Mr. Seminara is a partner of Apollo Management, L.P., with which he has been associated since January 2003. From June 1996 to January 2003, Mr. Seminara was a managing director in the private equity investment group at Evercore Partners LLC, an advisory and investment firm providing advisory services to multinational corporations on significant mergers, acquisitions, divestitures, restructurings and other strategic corporate transactions. Mr. Seminara currently serves on the board of directors of Hexion Specialty Chemicals, Inc. and Berry Plastics Group.
| Organization | Position | Status |
|---|---|---|
| Hexion Specialty Chemicals, Inc. | Board of Directors | Current |
| Berry Plastics Corporation | Board Member | Current |
| Borden Chemical Foundry, Inc. | Director | Current |
| Covalence Specialty Materials Corp. | Director | Current |
| Kerr Group, Inc. | Board of Directors | Current |
| Evercore Partners Inc. | Managing Director | Former |
| Evercore Partners Inc. | Officer, Private Equity Investment Group | Former |
| Hexion Specialty Chemicals, Inc. | Audit Committee Chairman | Former |
| World Kitchen LLC | Board of Directors | Former |
| Hexion Speciality Chemical Inc | Board of Directors | Former |
Scott M. Kleinman. Mr. Kleinman has been a director of Verso since August 2006. Mr. Kleinman is a partner of Apollo Management, L.P., a global private equity firm where he has worked since 1996. He was employed by Smith Barney Inc. in its Investment Banking division from 1994 to 1995. Mr. Kleinman also is a director of Hexion Specialty Chemicals, Inc., Momentive Performance Materials Inc., Realogy Corporation, and Noranda Aluminum Holding Corporation.
| Organization | Position | Status |
|---|---|---|
| Apollo Management L.P. | Partner | Current |
| Noranda Aluminum Holding Corporation | Director | Current |
| Verso Paper Holdings LLC | Director | Current |
| RPP Capital Corporation | Board of Directors | Current |
| Realogy Corporation | Director | Current |
| Hexion Specialty Chemicals, Inc. | Director | Current |
| Momentive Performance Materials Inc. | Board of Directors | Current |
| Borden Chemical Foundry, Inc. | Director | Current |
| Noranda Aluminum, Inc | Board of Directors | Current |
| Smith Barney | Board of Directors | Former |
| Hexion Speciality Chemical Inc | Board of Directors | Former |
| Hexion Specilaty Chemical Inc | Board of Directors | Former |
| Resolution Specialty Materials LLC | Director | Former |
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