NEW YORK - The investment firm Apollo Management L.P. announced an agreement to acquire Borden Chemical Inc., a supplier of thermoset and other high-performance resins, adhesives and specialty chemicals, for approximately $1.2 billion including the assumption of outstanding debt.

Borden Chemical, based in Columbus, OH, is a producer of binding and bonding resins, performance adhesives, UV-curable coatings, and formaldehyde for various wood and industrial markets.