Add-on Acquisition • Chemicals

Westlake Acquires Axiall

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

Acquisition Context

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.

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M&A Deal Summary
Date	June 10, 2016
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 Company

Axiall

Atlanta, Georgia, United States

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 Overview 1

Buyer

Westlake

Houston, Texas, United States

Category	Company
Founded	1986
Sector	Chemicals
Employees	15,520
Revenue	12.1B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	5 of 11
Sector: Chemicals	2 of 4
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 Co. Taicang, China Suzhou Huasu Plastics Co. Ltd. operates a PVC resin production plant, along with specialty film and window profile operations.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-06-01

Suzhou Huasu Plastics Co.

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

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

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