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Hexion Acquires Smartech

On December 3, 2024, Hexion Inc., a leading global provider of adhesives and performance materials, announced its acquisition of Smartech, an innovative company specializing in AI-driven autonomous manufacturing solutions. This acquisition marks Hexion's first major move in a decade, demonstrating its commitment to revolutionizing the manufacturing ecosystem through cutting-edge technology.

Strategic Importance of the Acquisition

Hexion's President and CEO, Michael Lefenfeld, emphasized the critical nature of this acquisition, highlighting the combination of Smartech's advanced AI capabilities with Hexion's extensive expertise in resins and wood processing. As the manufacturing sector grapples with rising raw material costs, supply chain pressures, and environmental challenges, Hexion aims to position itself at the forefront of intelligent manufacturing through this partnership.

Lefenfeld stated, "By investing in AI-powered innovations, we are not only enhancing our production processes but also delivering superior quality while promoting sustainable growth."

Enhanced Manufacturing Solutions

The collaboration between Hexion and Smartech is expected to yield significant benefits for customers, helping them optimize production, reduce waste, and improve product quality. Hanoch Magid, CEO of Smartech, echoed this sentiment, stating that their partnership would extend the reach and impact of Smartech's AI solutions globally. "Our joint commitment to sustainable innovation will enable us to pave the way for AI-driven solutions that redefine industry standards and foster a more resilient and environmentally friendly manufacturing sector," he added.

Smartech's award-winning technologies harness AI, advanced control systems, and process optimization algorithms to achieve critical enhancements in manufacturing processes. Notable innovations include the SmartMDI system, which allows for dynamic chemical control, resulting in improved surface coverage, reduced raw material costs, and lower VOC emissions, thus providing both ecological and economic advantages.

Long-term Vision and Future Impact

This acquisition aligns with Hexion's long-term transformation goals under the direction of its owner, American Securities. The move not only aims to create immediate value but also positions the 150-year-old company for the future by focusing on innovation, operational excellence, and strategic partnerships that translate bold ideas into tangible solutions.

The financial details surrounding the acquisition were not disclosed, but it's confirmed that Smartech will continue to operate as an independent unit, serving its existing clientele without interruption.

About Hexion and Smartech

Hexion is recognized globally for its development of adhesives and high-performance materials, delivering specialty products and solutions across various industries including construction, agriculture, energy, and automotive. With over a century of experience, Hexion is dedicated to creating sustainable solutions that address climate change challenges and safeguard natural resources.

Founded in 2005, Smartech operates on a global scale, serving clients across North and South America, Europe, and the APAC region. The company is a leader in AI-driven manufacturing solutions focused on optimizing efficiency and sustainability while transforming traditional manufacturing processes through digital automation.

For more information about Hexion, visit www.hexion.com, and for Smartech, check out www.smartech.com.