Hexion Acquires Smartech

Hexion Inc., a provider of adhesives and performance materials solutions, announces its acquisition of Smartech, a developer of AI-driven autonomous manufacturing solutions.

This strategic acquisition, Hexion's first in a decade, marks a bold step in the company's strategy to revolutionize the manufacturing ecosystem, harnessing cutting-edge AI and machine learning technology to drive unprecedented gains in production efficiency, cost, sustainability, and product quality—in the wood processing industry and beyond, the company said in a statement.

"This a defining moment for Hexion as we integrate Smartech's world-class artificial intelligence and automated manufacturing capabilities with our unmatched expertise in resins and wood processing," said Michael Lefenfeld, President and CEO of Hexion. "As global manufacturing industries continue to grapple with rising raw material costs, supply chain pressures, and environmental changes, Hexion's investment in AI-driven innovation positions us at the forefront of smart manufacturing. With this technology, Hexion and Smartech will help customers optimize production, reduce waste and deliver superior quality, all while spurring sustainable growth.”

Learn more at hexion.com.