- The acquisition was valued at approximately $1.2 billion in an all-cash transaction.
- The epoxy business is based in Rotterdam, The Netherlands.
- Westlake Epoxy produces epoxy resins, modifiers, and curing agents.
- The acquisition follows Westlake's 2021 purchases of Boral North America, Dimex LLC, and LASCO Fittings LLC.
Acquisition Details
Westlake Chemical Corporation has completed the acquisition of Hexion Inc.’s global epoxy business for approximately $1.2 billion in an all-cash transaction. The acquired business, now branded as Westlake Epoxy, is based in Rotterdam, The Netherlands.
Business Expansion
This acquisition significantly expands Westlake's integrated business by adding a leading portfolio of specialty resins, coatings, and composites. These products are crucial for high-growth and sustainability-oriented industries, such as wind turbine blades and lightweight automotive structural components.
Product Portfolio
Westlake Epoxy is a global leader in producing epoxy resins, modifiers, and curing agents for high-performance materials, coatings, and composites. The business includes upstream base epoxy resins and intermediates, as well as downstream specialty epoxy resins used in various industries like adhesives, aerospace, automotive, civil engineering, electronics, and marine coatings.
Recent Acquisitions
This acquisition follows Westlake's recent purchases in 2021, including the building products businesses of Boral North America, Dimex LLC, and LASCO Fittings LLC. These acquisitions are part of Westlake's strategy to enhance its product offerings and market reach.
