Westlake Chemical Acquires Dimex LLC from Grey Mountain Partners

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.

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

February 1, 2022

Manufacturing

Westlake Chemical Corporation completed the acquisition of Hexion Inc.'s global epoxy business for approximately $1.2 billion in an all-cash transaction. The acquired business—to be branded Westlake Epoxy and headquartered in Rotterdam—adds specialty epoxy resins, modifiers and curing agents that expand Westlake's coatings and composites capabilities for end markets such as wind energy, automotive and aerospace.

Westlake Corporation Acquires ACI Compounding Solutions Business

January 5, 2026

Manufacturing

Westlake Corporation has completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group (“ACI”). The deal integrates ACI’s specialty materials operations into Westlake’s Housing & Infrastructure Products (HIP) compounding segment, expanding the company’s global manufacturing footprint into Portugal, Romania, Tunisia, and adding to existing operations in Mexico.

TRANSTEX Acquires US Liner Company

July 10, 2024

Manufacturing

TRANSTEX, a cleantech transportation OEM, has acquired US Liner Company (formerly American Made LLC), a Pennsylvania-based manufacturer of glass-reinforced thermoplastic composite components. The acquisition expands TRANSTEX's North American manufacturing capacity and secures a supply of lightweight, corrosion-resistant composite materials for transportation, RV and agricultural applications.

One Rock Capital Partners Acquires Eastman Chemical's Tire Additives Business (Flexsys)

November 1, 2021

Manufacturing

One Rock Capital Partners has completed the acquisition of Eastman Chemical Company's tire additives business and renamed the standalone company Flexsys. The business, a global leader in specialty rubber chemicals with more than 500 employees and multiple production sites and technology centers, will be run independently with support from One Rock to drive growth and operational improvement.

Quanex Building Products Acquires LMI Custom Mixing Assets from Lauren International

November 1, 2022

Manufacturing

Quanex Building Products Corporation acquired substantially all assets of LMI Custom Mixing, LLC from Lauren International for $92.0 million ($79.0 million net of present value tax benefits). The Cambridge, Ohio-based custom polymer mixer is expected to generate about $80 million of revenue and ~15% EBITDA margin in fiscal 2023; Quanex financed the deal with cash on hand and borrowings on its existing revolver and expects modest near-term synergies while expanding its materials science and vertical integration capabilities.