Westlake Chemical Acquires Hexion's Epoxy Business

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.

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.

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.

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.

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.

Evonik Industries Acquires PeroxyChem from One Equity Partners for $640 Million

February 3, 2020

Manufacturing

Evonik Industries AG has completed the acquisition of PeroxyChem, LLC, a global manufacturer of hydrogen peroxide and peracetic acid, from One Equity Partners for $640 million. The purchase, representing roughly a 9.9x multiple of EBITDA, expands Evonik's specialty chemicals portfolio and brings PeroxyChem's production footprint and technical capabilities into Evonik's global operations.