Westlake Acquires Hexion's Global Epoxy Business for ~$1.2B

Westlake Chemical Acquires Hexion's Epoxy Business

February 1, 2022

Manufacturing

Westlake Chemical Corporation completed the acquisition of Hexion's epoxy-based Coatings and Composite businesses (the "Epoxy Business") for approximately $1.2 billion. The transaction transfers Hexion's epoxy specialty resins, base epoxy resins and intermediates product lines to Westlake; Hexion will continue to operate its Adhesives and Versatic Acids and Derivatives product lines following the divestiture.

American Securities Affiliates Acquire Hexion Holdings for $30.00 Per Share

March 15, 2022

Manufacturing

Hexion Holdings Corporation entered into a definitive agreement to be acquired by affiliates of American Securities LLC for $30.00 per share in cash. The transaction closed on March 15, 2022, after completion of related divestitures and satisfaction of customary closing conditions.

Westlake Chemical Acquires Boral’s North American Building Products Businesses for $2.15 Billion

October 1, 2021

Building Products

Westlake Chemical Corporation agreed to acquire Boral Limited’s North American building products businesses covering roofing, siding/trim/shutters, decorative stone, and windows for $2.15 billion in an all-cash transaction. The deal was expected to close in the second half of 2021 and would nearly double Westlake’s building products business. A subsequent update says Westlake completed the acquisition.

Eastman Chemical to Sell Adhesives Resins Business to Synthomer plc

October 28, 2021

Manufacturing

Eastman Chemical Company (NYSE: EMN) entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for $1.0 billion in cash. The transaction is expected to close in the first quarter of 2022, subject to regulatory approvals and customary closing conditions.

Meridian Adhesives Group Acquires E-Chem

July 3, 2020

Building Products

Meridian Adhesives Group has acquired E-Chem, a New Mexico-based designer and manufacturer of epoxy polymer products for concrete. E-Chem will join Meridian’s Infrastructure Division to expand Meridian’s presence in the infrastructure and concrete rehabilitation markets and leverage Meridian’s distributor network and resources to accelerate product development and market penetration.

Westlake Chemical Acquires Dimex LLC from Grey Mountain Partners

September 13, 2021

Manufacturing

Westlake Chemical Corporation has completed the acquisition of Dimex LLC from Grey Mountain Partners. The purchase adds Dimex’s recycled-plastics compounding and manufactured products (landscape edging, matting, marine edging, masonry joints) and approximately 300+ employees in Marietta, Ohio to Westlake’s sustainable product portfolio.