Westlake Chemical (Houston, Texas) says it has completed the $2.15-billion acquisition of Boral Limited’s North American building products businesses, which was announced in June.
“This transaction effectively doubles the size of our portfolio in the high-growth North American building products segment,” says Westlake president and CEO Albert Chao. “The North American building products segment, based on market analysis for new construction and remodel and repair, is expected to grow by approximately 15% during the next three years, and Boral’s high-quality architectural solutions and premium products will help us extend our leading position in the North America building products segment,” he adds.
Boral’s North American building products businesses employ approximately 4,600 employees at 29 manufacturing sites in the US and Mexico. Together they generated revenues in excess of $1 billion during the fiscal year ended 30 June 2020.
Westlake completed the acquisition of Dimex, a compounder of post-industrial-recycled polyvinyl chloride (PVC) and thermoplastic elastomer (TPE), in September, and the acquisition of LASCO Fittings, a manufacturer of injected-molded PVC fittings, in August.
by Clay Boswell
Source: chemweek.com
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