Euroresins sells Hexion distribution business in U.K.

Euroresins, the distribution subsidiary of DSM Composite Resins, has sold its Hexion specialties distribution business in the U.K. to Albion Chemicals.

Euroresins (Schaffhausen, Switzerland), the distribution subsidiary of DSM Composite Resins, announced on Nov. 30 that it has sold its Hexion specialties distribution business in the U.K. to Albion Chemicals (Leeds, U.K.).

The Hexion specialties, with trade names which includes Epikote, Epicure, Heloxy and Cardura, have a customer base typically outside of the composites market. The decision to divest this business was taken to reinforce the focus of Euroresins in its core activity which is composites distribution. This move is a step towards the fulfillment of the DSM strategy which is to build a leading pan European composite distributor.

Three key employees of Euroresins, who were instrumental in the role of building and supporting the business will continue to do so with Albion. To ensure continuity of supply to customers, Euroresins will support the entire transition of the Hexion specialty products to Albion.

Albion Chemicals, part of the Brenntag group, is a distributor of chemical products and services For Brenntag, already a distributor for Hexion in continental Europe, the specialties distribution business in the U.K. is a good fit to expand its geographical reach and forms an attractive addition to Albion's product portfolio.