Shell’s Resins Business Renamed Resolution Performance Products
LONDON — The Resins and Versatics business of Royal Dutch/Shell Group, which is being sold to the New York investment firm Apollo Management L.P., has been given a new corporate name — Resolution Performance Products. The name of the business, reported to be the world’s biggest producer of epoxy resins, was announced at EuroCoat 2000, the annual European coatings-industry exhibition held recently in Turin, Italy. The business’ products include epoxy resins and curing agents, modifiers, glycidyl esters, and VeoVa monomers.
Resolution Performance Products also has announced that Marvin O. Schlanger, former president and CEO of ARCO Chemical Co., will be named chairman of the new company when the acquisition is completed sometime during the fourth quarter.