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Mergers & Acquisitions

Westlake to buy another PVC construction products firm

by Alexander H. Tullo
June 26, 2021 | A version of this story appeared in Volume 99, Issue 24

 

Moving further downstream into polyvinyl chloride (PVC) goods, Westlake Chemical will buy the North American building product business of Australia’s Boral for $2.15 billion. The Boral unit has about $1 billion per year in sales of roofing, siding, trim, shutters, windows, and decorative stone. Westlake already makes about $1.4 billion worth of PVC building products annually. That business secures much of its raw material from Westlake’s PVC resin business, the second-largest PVC producer in the world, behind Japan’s Shin-Etsu Chemical.

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