Akzo Nobel receives offer from Hexion for its ink and adhesive resins business.(Industry...

Akzo Nobel has received an offer from Hexion Specialty Chemicals for its ink and adhesive resins business for 88 million [euro]. The offer involves all assets and all current employees of the business. If completed, the deal would represent the first major divestment to be completed following the company's strategic realignment of its chemicals portfolio, which was announced in early 2005.

The business, which had 2004 sales of 166 million [euro], employs approximately 560 people and is based in Maastricht, the Netherlands. It has production sites in seven countries, inc