Sector News

Westlake completes $2.15-billion acquisition of Boral’s North American building products business

October 3, 2021
Chemical Value Chain

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

comments closed

Related News

October 2, 2022

Trinseo announces potential closure of Boehlen, Germany Styrene Plant

Chemical Value Chain

Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.

October 2, 2022

Celeste Mastin appointed H.B. Fuller President and CEO, succeeding Jim Owens upon his retirement

Chemical Value Chain

H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.

October 2, 2022

LyondellBasell realigns executive team, forms circular and low-carbon solutions business

Chemical Value Chain

New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.