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
INEOS, Europe’s biggest operator of electrolysis needed to produce clean, low carbon hydrogen, has doubled down on its €2 billion investment in green hydrogen with the launch of a hydrogen advocacy campaign. The campaign kicked off with the publication of a powerful editorial in the Sunday Telegraph on the hydrogen economy written by Sir Jim Ratcliffe, INEOS’s founder and chairman.
Vertellus, a manufacturer of specialty products for consumer goods, food & agriculture, healthcare, and industrial markets, today announced the completion of its acquisition of IM Chemicals. With the addition of IM Chemicals, Vertellus expands its specialty ingredients portfolio into new markets and bolsters its manufacturing capabilities in Europe.
A new collaboration between scientists, engineers, industry and farming experts hopes to demonstrate how clever technology can reduce the powerful greenhouse gases released by livestock to help agriculture reach carbon emissions targets.