Hexion Inc., a global player in adhesives and performance materials, to acquire Smartech, a pioneering technology company specializing in AI-driven autonomous manufacturing solutions.
This marks Hexion’s first acquisition in ten years, underscoring its commitment to transforming the manufacturing landscape.
Hexion to acquire Smartech to harness cutting-edge artificial intelligence and machine learning technologies, aiming to enhance production efficiency, reduce costs, improve sustainability, and elevate product quality across the wood processing industry and beyond.
Strengthening Expertise Through Integration
“This is a defining moment for Hexion,” said Michael Lefenfeld, President and CEO of Hexion.
Lefenfeld added, “By integrating Smartech’s world-class AI and automated manufacturing capabilities with our expertise in resins and wood processing, we are poised to lead smart manufacturing advancements. With rising raw material costs, supply chain challenges, and environmental pressures, this investment positions us at the forefront of innovation. Together, we’ll optimize production, reduce waste, and drive sustainable growth”.
Hanoch Magid, CEO, Smartech said, “Our partnership with Hexion will amplify the reach and impact of Smartech’s AI technologies worldwide. Manufacturers balancing cost control, plant modernization, and environmental responsibility will benefit immensely. This collaboration ensures we lead the way in redefining industry standards while fostering resilience and sustainability”.
Advanced AI-Driven Systems
Smartech’s award-winning technologies leverage AI, advanced control systems, and process optimization algorithms to deliver critical improvements in manufacturing.
Systems like SmartWAX, SmartPF, and SmartMDI integrate seamlessly with Hexion’s products, reinforcing the company’s leadership in adhesives, construction, and building materials.
One standout innovation, the patented SmartMDI system, highlights the power of this alliance.
SmartMDI enables precise resin application in engineered wood production. This reduces raw material costs, enhances surface coverage, and lowers VOC emissions. This system delivers significant cost savings of more than 15% per mill. It also advances environmental and economic goals.
A Vision for Sustainable Growth
The acquisition builds on Hexion’s five-year transformation journey under American Securities, which acquired the company in 2022.
Hexion to acquire Smartech for long-term vision to drive innovation, achieve operational excellence, and foster meaningful collaborations.
As per the press release, Hexion is positioning itself for a new era of market leadership by turning bold ideas into practical, sustainable solutions.
