About Hexion
Hexion is a company based in Columbus (United States) founded in 2005 was acquired by Westlake Chemical in February 2022. It operates as a Reseller / Distribution. Hexion has raised $15.26 million across 4 funding rounds from investors including American Securities, European Union and Westlake Chemical. Hexion has completed 4 acquisitions, including American Securities, Huntsman and Pacific Epoxy. Hexion offers products and services including Adhesives, Chemical Intermediates, and Coatings.
- Headquarter Columbus, United States
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hexion Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.26 M (USD)
in 4 rounds
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Latest Funding Round
$15.26 M (USD), Series B
Sep 23, 2020
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Investors
American Securities
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
American Securities
& 3 more
- Acquired by
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Products & Services of Hexion
Hexion offers a comprehensive portfolio of products and services, including Adhesives, Chemical Intermediates, and Coatings. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Adhesives are provided for construction and industrial applications.
Chemical intermediates are supplied for various industrial uses.
Coatings are offered for automotive and architectural purposes.
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Leadership Team
45 people
Software Development Team
26 people
Sales and Marketing
20 people
Finance and Accounting
11 people
Human Resources and Administration
10 people
Legal and Compliance
9 people
Product Management Team
5 people
Data Analysis and Operations Team
3 people
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Funding Insights of Hexion
Hexion has successfully raised a total of $15.26M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15.26 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $15.3M
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First Round
First Round
(01 Sep 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series B - Hexion | Valuation |
investors |
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| Jul, 2019 | Amount | Debt – Conventional - Hexion | Valuation |
investors |
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| Jul, 2019 | Amount | Debt – Conventional - Hexion | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hexion
Hexion has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include American Securities, European Union and Westlake Chemical. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Petrochemicals, plastics, and building products are manufactured worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hexion
Hexion has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include American Securities, Huntsman and Pacific Epoxy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Epoxy resins and coatings are manufactured for industrial applications.
|
2023 | ||||
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Smart technologies are provided to various manufacturing industries.
|
2003 | ||||
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Private equity firm
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1994 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hexion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hexion Comparisons
Competitors of Hexion
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Hexion
When was Hexion founded?
Hexion was founded in 2005 and raised its 1st funding round 11 years after it was founded.
Where is Hexion located?
Hexion is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Who is the current CEO of Hexion?
Craig Morrison is the current CEO of Hexion.
Is Hexion a funded company?
Hexion is a funded company, having raised a total of $15.26M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1.6B, raised on Sep 01, 2016.
What does Hexion do?
Hexion is involved in the production of specialty chemicals, including adhesives, coatings, and chemical intermediates. Operations are focused on sectors like construction, automotive, and natural resources. Solutions are developed to enhance safety, efficiency, and environmental responsibility. Partnerships are built to optimize performance and innovation across industries. Sustainability is integrated into all activities, shaping the approach to long-term success.
What products or services does Hexion offer?
Hexion offers Adhesives, Chemical Intermediates, and Coatings.
How many acquisitions has Hexion made?
Hexion has made 4 acquisitions, including American Securities, Huntsman, and Pacific Epoxy.
Who are Hexion's investors?
Hexion has 3 investors. Key investors include American Securities, European Union, and Westlake Chemical.
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