# Westlake Chemical completes acquisition of Nakan

Westlake Chemical has completed the acquisition of Nakan, a PVC, TPE, and TPO compounder based in Reims, France, from OpenGate Capital for $265 million. The deal was announced in September 2018.

- Type: Acquisition
- Announced: 2019-01-15
- Where: Reims, France, France
- Value: $265.0M
- Status: completed
- Products: PVC compounds, thermoplastic elastomers, thermoplastic polyolefins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [OpenGate Capital](https://endata.com/companies/19786.md) (partner)
- [Westlake Chemical](https://endata.com/companies/23414.md) (acquirer)
- [NAKAN](https://endata.com/companies/34491.md) (target)

## Sources

- [borderless.net](https://www.borderless.net/news/energy-and-chemical-value-chain/westlake-closes-acquisition-of-compounder-nakan/), 2019-01-15: "Westlake Chemical (Houston) has completed the acquisition of Nakan, a compounder of polyvinyl chloride (PVC), thermoplastic elastomers (TPE), and thermoplastic polyolefins (TPO) based in Reims, France, from OpenGate Capital (Los Angeles)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.