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Westlake Chemical (WLK) Acquires Global Epoxy Business from Hexion for $1.2B

November 24, 2021 6:46 AM EST

Westlake Chemical Corporation (NYSE: WLK), today announced that it has entered into a definitive agreement with Hexion Inc. to acquire Hexions global epoxy business for approximately $1.2 billion. Based in Rotterdam, The Netherlands, Hexions epoxy business is an industry leader in the manufacture and development of specialty resins, coatings and composites for a variety of industries, including high-growth and sustainability-oriented end-uses such as wind turbine blades and light-weight automotive structural components. In the twelve months ended September 30, 2021, Hexions epoxy business had net sales of... More