Westlake - M&A Summary and Business Overview

ChemicalsCompany

Westlake M&A Summary

Westlake has acquired 9 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms.

Westlake’s largest acquisition to date was in 2016, when it acquired Axiall for $3.8B. Westlake has acquired in 4 different US states, and 4 countries. The Company’s most targeted sectors include plastics (45%) and chemicals (34%).

Westlake Business Overview

Where is Westlake headquartered?

Westlake is headquartered in Houston, Texas.

What is Westlake’s revenue?

Westlake disclosed revenue of 15,794M USD for 2022 and 11,778M USD for 2021.

How many employees does Westlake have?

Westlake has 9,220 employees.

What sector is Westlake in?

Westlake is a chemicals company.

When was Westlake founded?

Westlake was founded in 1986.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 7
  • M&A Advisors 4

Westlake

Westlake Corp.

2801 Post Oak Boulevard, Suite 600,
Houston, Texas 77056
United States,
(713) 960-9111
www.westlake.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 6 - 3 - - - 9
vol $5.2B $3.4B $8.6B
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
Hexion - Global Epoxy Business 2021-11-24 1.2B USD Divestiture
Columbus, Ohio
Dimex LLC 2021-08-03 - Add-on Acquisition
Marietta, Ohio · www.dimexcorp.com
Boral’s North American Building Products Business 2021-06-20 2.2B USD Divestiture
Roswell, Georgia
IVY Group 2018-09-25 265M USD Add-on Acquisition
Reims, France · www.nakan.com
Axiall Corp. 2016-06-10 3.8B USD Add-on Acquisition
Atlanta, Georgia · www.axiallcorp.com
Suzhou Huasu Plastics Co. Ltd. 2015-06-01 - Stake Purchase
Taicang, China · www.huasugroup.com
Vinnolit GmbH & Co. KG 2014-05-28 490M USD Add-on Acquisition
Ismaning, Germany · www.vinnolit.com
Vinnolit Holdings GmbH 2014-05-28 490M USD Add-on Acquisition
Ismaning, United States
CertainTeed - Pipe & Foundations Group 2013-03-06 175M USD Divestiture
Tampa, Florida
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Royal Building Products    - DaVinci Roofscapes LLC 2019-06-10 1
Woodbridge, Ontario · www.royalbuildingproducts.com Lenexa, Kansas · www.davinciroofscapes.com
Axiall Corp. 2016-06-10 Taiwan Chlorine Industries Ltd. 2017-04-11 1
Atlanta, Georgia · www.axiallcorp.com Kaohsiung, Taiwan

M&A by Sector

Sector Buy # Value Sell # Value
Plastics 4 (44%) 755M (9%) - -
Chemicals 3 (33%) 5.5B (64%) - -
Building Materials 2 (22%) 2.3B (27%) - -
Total 9 $8.6B - -

By Geo

State/Country Buy Value Sell Value
United States 6 7.8B - -
  Ohio 2 1.2B - -
  Georgia 2 6.0B - -
  Florida 1 175M - -
China 1 - - -
France 1 265M - -
Germany 1 490M - -
Domestic 6 (67%) 7.8B (91%) - -
Cross-border 3 (33%) 755M (9%) - -
Total 9 $8.6B - -

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
 2
Goldman Sachs
 1
Legal Deals
Cleary Gottlieb Steen & Hamilton
 1
Baker Botts LLP
 1

Deal Values

buy # Total
> $1B 3 $7.2B
$100M to $1B 4 $1.4B
TOTAL $8.6B
Largest Axiall Corp.
$3.8B (2016-06-10)

M&A Connections

Deals
Acquired from
Investor(s)
44%
4 (44%)
Strategic(s)
44%
4 (44%)

Company Summary

SECTOR

Chemicals

Revenue

15,794   35% 2022
11,778   57% 2021
7,504   8% 2020
8,118   6% 2019
8,635   8% 2018
8,041   59% 2017
5,075   14% 2016
4,463   2% 2015
4,415   18% 2014
3,759   6% 2013
3,571   2012
(millions of USD) Show More Show Less

Employees

9,220

Established

1986

Public

NYSE: WLK

Former Name

Westlake Chemical Corp.

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