Latest from Molds/Cores

Franklin Precision Castings
Wisconsin Aluminum Foundry
ldquoWith these new products ASK Chemicals is able to offer our customers an even broader portfolio of nobake and furan resinrdquo stated CEO Frank Coenen

ASK Chemicals Buys Hexion’s EU Foundry Chemicals

Nov. 3, 2015
Acquisition expands portfolio of phenolic no-bake resins and furan resins Growth strategy “Intangible asset purchase” “Seamless” for foundry customers

ASK Chemicals, the global foundry chemicals supplier, is buying the European foundry chemicals organization of Hexion Inc., an Ohio-based developer of advanced epoxy and phenolic composite formulations. The cost of the acquisition was not announced.

ASK supplies sand binders, mold coatings, feeders, filters, release agents, and metallurgical products used for inoculation and Mg-treatment, inoculation wires, and master alloys for iron casting.

The purchase is described as “an intangible asset purchase of Hexion’s European business book and a long-term toll manufacturing agreement, whereby Hexion will continue to manufacture the products for ASK Chemicals.” The buyer noted the deal would expand its portfolio of phenolic resins (the Alphaset and Betaset product series) and furan resins.

It also emphasized that the business transition would be “seamless” for foundry customers.

“This acquisition is an important step in our growth strategy. With these new products ASK Chemicals is able to offer our customers an even broader portfolio of no-bake and furan resins,” stated Frank Coenen, ASK Chemicals CEO. “We will introduce the world-leading products of the Alphaset family (binder chemicals for no-bake molding) to a wider foundry market.”

About the Author

Robert Brooks | Content Director

Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.

Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)