M&A Deal Summary

Westlake Acquires Boral’s North American Building Products Business

On June 20, 2021, Westlake acquired building materials company Boral’s North American Building Products Business from Boral North America for 2.2B USD

Acquisition Highlights
  • This is Westlake’s 2nd transaction in the Building Materials sector.
  • This is Westlake’s 2nd largest (disclosed) transaction.
  • This is Westlake’s 4th transaction in the United States.
  • This is Westlake’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2021-06-20
Target Boral’s North American Building Products Business
Sector Building Materials
Buyer(s) Westlake
Sellers(s) Boral North America
Deal Type Divestiture
Deal Value 2.2B USD

Target

Boral’s North American Building Products Business

Roswell, Georgia, United States
Boral’s North American Building Products Business is involved in providing the building products related to roofing; siding, trim and shutters; decorative stone; and windows. It employs approximately 4,600 employees at 29 manufacturing sites in the United States and Mexico

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Buyer(S) 1

Buyer

Westlake

Houston, Texas, United States
Category Company
Founded 1986
Sector Chemicals
Employees15,520
Revenue 12.5B USD (2023)
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 7 of 9
Sector (Building Materials) 2 of 2
Type (Divestiture) 2 of 3
State (Georgia) 2 of 2
Country (United States) 4 of 6
Year (2021) 1 of 3
Size (of disclosed) 2 of 7
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Dimex

Marietta, Ohio, United States

Dimex is a plastics extrusion business with a sophisticated raw material supply capability that involves reprocessing off-spec and scrap plastic material. Dimex was founded in 1991 and is based in Marietta, Ohio.

Buy -

Seller(S) 1

SELLER

Boral North America

Roswell, Georgia, United States
Category Company
Sector Building Materials
DESCRIPTION

Boral North America is a manufacturer of sustainable, durable, and affordable building and construction materials in the United States, Mexico, Canada, the Philippines, and the United Kingdom. In construction materials, Boral North America has a national footprint and industry-leading position in the processing and distribution of fly ash. In building products, it manufactures and supplies cladding, roof tiles, windows, and other light building products for residential and commercial markets nationally.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
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