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 Acquires Hexion Holdings

March 15, 2022

Manufacturing

Affiliates of American Securities LLC completed a take-private acquisition of Hexion Holdings Corporation for $30.00 per share in cash. Hexion, a Columbus, Ohio–based global producer of adhesives and thermoset resins with approximately $1.9 billion in 2021 net sales, 26 manufacturing facilities and ~1,300 employees, will be operated under American Securities to support its next phase of growth.

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.

Westlake Chemical Acquires Boral's North American Building Products Businesses

October 1, 2021

Building Products

Westlake Chemical Corporation completed the acquisition of Boral Limited's North American building products businesses (roofing; siding, trim and shutters; decorative stone; and windows) for $2.15 billion in an all-cash transaction. The deal roughly doubles Westlake's building-products portfolio, adds approximately 4,600 employees across 29 manufacturing sites in the United States and Mexico, and broadens Westlake's product lines and geographic footprint in the North American housing and light commercial markets.

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.