# Westlake Chemical to acquire Hexion's global epoxy business for $1.2B

Westlake Chemical Corp. agreed to acquire the global epoxy business of Hexion Inc. for approximately $1.2 billion.

- Type: Acquisition
- Announced: 2021-11-24
- Where: United States
- Value: $1.20B
- Jobs: 1,300
- Status: announced
- Products: epoxy resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hexion](https://endata.com/companies/22326.md) (target)
- [Westlake Chemical](https://endata.com/companies/23414.md) (acquirer)

## Sources

- [law360.com](https://www.law360.com/articles/1443410/westlake-pays-1-2b-for-epoxy-biz-of-davis-polk-led-hexion), 2021-11-24: "Westlake Chemical Corp. will pay roughly $1.2 billion to acquire the global epoxy business of Davis Polk-advised specialty chemicals maker Hexion Inc."
- [westlake.com](https://westlake.com/news/westlake-acquire-hexions-global-epoxy-business), 2021-11-24: "Westlake Chemical Corporation today announced that it has entered into a definitive agreement with Hexion Inc. to acquire Hexion’s global epoxy business for approximately $1.2 billion."
- [stocktitan.net](https://www.stocktitan.net/news/WLK/hexion-holdings-announces-agreement-to-sell-epoxy-businesses-to-irm9ih5g1u0b.html), 2021-11-24: "Hexion Holdings Corporation today announced that as a result of its ongoing strategic review it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses... for approximately $1.2 billion to Westlake Chemical Corporation."
- [davispolk.com](https://www.davispolk.com/experience/hexion-holdings-1-2-billion-sale-its-epoxy-businesses-westlake-chemical), 2021-11-24: "Davis Polk is advising Hexion Holdings Corporation on the approximately $1.2 billion sale of its epoxy-based Coatings and Composite businesses, which include the epoxy specialty resins and base epoxy resins and intermediates product lines, to Westlake Chemical Corporation."
- [everchem.com](https://everchem.com/more-info-on-the-hexion-westlake-deal-2/), 2021-11-25: "The industries served by Hexion Epoxy are very attractive to Westlake and the business is expected to be a synergistic addition to Westlake’s existing businesses."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Hexions-epoxy-unit-Westlake-Chemical/99/i44), 2021-12-01: "Hexion Holdings has agreed to sell its epoxy resins business to Westlake Chemical for $1.2 billion."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=17), 2021-12-06: "Hexion Holdings Corp. recently announced that, as a result of its ongoing strategic review, it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses."

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