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

Westlake Chemical Corporation entered a definitive agreement to acquire Hexion's global epoxy business for approximately $1.2 billion. The transaction is expected to close in the first half of 2022.

- Type: Acquisition
- Announced: 2021-11-24
- Where: Rotterdam, The Netherlands, Netherlands
- Value: $1.20B
- Status: announced
- Products: epoxy resins, specialty resins, coatings, composites
- 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

- [businesswire.com](https://www.businesswire.com/news/home/20211124005850/en/Westlake-to-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."
- [chemxplore.com](https://chemxplore.com/news/westlake-completion-acquisition-hexion-epoxy-business), 2022-01-01: "Westlake Chemical Corporation has completed the acquisition of Hexion Inc.'s global epoxy business for approximately $1.2 billion in an all-cash transaction."

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