Hexion Acquires Smartech to Enhance AI-Manufacturing Innovations

Hexion Inc., a major global provider of adhesives and performance materials solutions, has acquired Smartech, a pioneering AI-driven autonomous manufacturing technology company. This acquisition marks a significant step in Hexion's strategy to revolutionize the manufacturing ecosystem by leveraging cutting-edge AI and machine learning technologies. The move comes amidst global manufacturing challenges such as rising raw material costs and supply chain pressures. Smartech, known for its award-winning AI technologies and systems like SmartMDI, provides Hexion with advanced solutions for improving production efficiency, cost reduction, and environmental sustainability. The strategic acquisition aligns with Hexion’s transformational vision under the ownership of American Securities, aiming for sustainable value generation and market leadership. While financial details were not disclosed, Smartech will operate as an independent entity, continuing its autonomous solutions portfolio. This acquisition highlights Hexion's dedication to innovation and sustainability in addressing manufacturing challenges.