M&A Deal Summary

Westlake Acquires Axiall

On June 10, 2016, Westlake acquired chemicals company Axiall for 3.8B USD

Acquisition Highlights
  • This is Westlake’s 2nd transaction in the Chemicals sector.
  • This is Westlake’s largest (disclosed) transaction.
  • This is Westlake’s 3rd transaction in the United States.
  • This is Westlake’s 1st transaction in Georgia.

M&A Deal Summary
Date 2016-06-10
Target Axiall
Sector Chemicals
Buyer(s) Westlake
Deal Type Add-on Acquisition
Deal Value 3.8B USD
Advisor(s) Morgan Stanley
Barclays Investment Bank (Financial)
Jones Day
Weil Gotshal & Manges (Legal)

Target

Axiall

Atlanta, Georgia, United States
website
Axiall Corp. is an integrated chemicals and building products company. Axiall has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers.

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Buyer(S) 1

Buyer

Westlake

Houston, Texas, United States

website

Category Company
Founded 1986
Sector Chemicals
Employees9,220
Revenue 15.8B USD (2022)
DESCRIPTION
Westlake Chemical's corporate headquarters in Houston, Texas.
Westlake Chemical's corporate headquarters in Houston, Texas.

Westlake manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. Westlake was founded in 1986 and is based in Houston, Texas.

DEAL STATS #
Overall 5 of 9
Sector (Chemicals) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (Georgia) 1 of 2
Country (United States) 3 of 6
Year (2016) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Suzhou Huasu Plastics

Taicang, China

Suzhou Huasu Plastics Co. Ltd. operates a PVC resin production plant, along with specialty film and window profile operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 NAKAN

Reims, France

NAKAN is a global leader in PVC, TPE and TPO compounds for selected markets: Automotive Industry, Healthcare, Packaging, Consumer Goods, Building & Construction. The wide range of Nakan products includes rigid and flexible grades for extrusion, injection, pressing and roto-molding: a full set of possibilities for manufacturers and end-users to answer any specific application.

Buy $265M
Mergr

Product

Company

Legal