Borden Chemical, Inc. and Delta-HA, Inc. Combine Foundry Businesses To Form HA-International, LLC

    CHICAGO--April 6, 2001--Borden Chemical, Inc. and Delta-HA, Inc. announced today that they have merged their North American foundry businesses into a new company called HA-International, LLC.
    The businesses produce phenolic resins and related chemical products used by foundries in the manufacture of cast metal parts. Combined annual sales are approximately $175 million.
    Keith McLean, formerly Borden Chemical's vice president for foundry resins, has been named chief executive officer of HA-International, which will be headquartered in Chicago.
    "HA-International combines Borden Chemical's and Delta's leading-edge foundry technology, manufacturing capabilities and technical support into a single source that can best serve today's modern foundries," McLean said. "Merging our foundry businesses also will reduce duplicative structural and capital costs, which is critical for survival in today's highly challenging foundry industry environment."
    The new company has established its own board of directors and management team and is owned by Borden Chemical Foundry, Inc. and Delta-HA, McLean said.

    About Borden Chemical, Inc.

    Based in Columbus, Ohio, Borden Chemical, Inc. is a leading global source for industrial resins and adhesives serving a broad range of markets including the forest products, automotive, foundry, electronics and construction industries. The company also produces building block chemicals formaldehyde and melamine, and specialty materials such as UV-curable coatings.

    About Delta-HA, Inc.

    Delta-HA, Inc. is a subsidiary of Huttenes-Albertus, the world's leading supplier of foundry resin binders, coatings and related products. The Huttenes-Albertus organization has operations in more than 30 countries dedicated to serving the foundry industry.

    NOTES TO EDITORS:

    Borden Chemical, Inc. is privately held and not affiliated with Borden Chemicals and Plastics Limited Partnership . Please do not run under the BCU symbol.
    In the text above, there is an umlaut over the first "u" in the company name "Huttenes-Albertus." The umlaut has been omitted for transmission purposes only.