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Westlake to Acquire Hexion´s Global Epoxy Business for USD 1.2bn
Friday 26 November 2021

Texas-based chemical materials manufacturer Westlake Chemical Corp. (NYSE: WLK) has agreed to acquire the global epoxy business of Netherlands-based Hexion Inc. for approximately 1.2bn, the company said.

Hexion's epoxy business is an industry leader in the manufacture and development of specialty resins, coatings and composites for a variety of industries, including high-growth and sustainability-oriented end-uses such as wind turbine blades and light-weight automotive structural components.

In the 12 months ended September 30, 2021, Hexion's epoxy business had net sales of approximately USD 1.5bn.

With this transaction, Westlake will expand its integrated business by adding a downstream portfolio of coatings and composite products to its leading chloro-vinyls businesses.
Date Published: 26/11/2021