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CitroTech, Hexion Form Joint Venture To Deploy Retardant Solutions For Lumber, Building Materials Sector

Benzinga·04/21/2026 12:08:54
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CitroTech Inc. (NYSE AM: CITR), a leading specialty chemical company delivering environmentally-safe fire inhibitor solutions, and Hexion Inc., a leading global producer of adhesives and performance materials and American Securities portfolio company, today announced the formation of a 50/50 joint venture. Through this partnership, the companies will deploy next-generation fire-retardant solutions for the lumber and building materials industry, helping plywood, oriented strand board (OSB), and engineered wood manufacturers integrate built-in fire resistance more effectively and at a global scale.