Westlake Chemical closes $1.2bn acquisition of Hexion’s epoxy business

Westlake Chemical closes $1.2bn acquisition of Hexion’s epoxy business

Westlake Chemical Corporation, an American manufacturer and supplier of petrochemicals, polymers, and fabricated building products, has wrapped up the previously announced $1.2 billion acquisition of the global epoxy business of Ohio-based chemical company Hexion. The all-cash deal was announced in November 2021. The epoxy business, which is based in Rotterdam, The Netherlands, has been engaged […]

Hexion to sell paint manufacturing plant in Yumbo, Colombia

Hexion to sell paint manufacturing plant in Yumbo, Colombia

Hexion, an Ohio based thermoset resins manufacturer, has signed a deal to divest its paint manufacturing plant in Yumbo, Colombia to a joint venture led by Master Paints & Chemical Corporation for an undisclosed price. The paint manufacturing plant in Yumbo produces decorative paints under the Algreco brand, among others, and also private-label paints. The […]