# Westlake Chemical to acquire Hexion Coatings and Composites

Westlake Chemical Corporation is acquiring sole control of Hexion Coatings and Composites (US) Inc. The transaction was approved by the Turkish Competition Board on January 13, 2022.

- Type: Acquisition
- Announced: 2022-01-13
- Where: Columbus, Ohio, United States
- Value: $1.20B
- Status: announced
- Products: coatings, composites
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hexion](https://endata.com/companies/22326.md)
- [Hexion](https://endata.com/companies/22326.md) (partner)
- [Hexion](https://endata.com/companies/22326.md) (target)
- [Westlake Chemical](https://endata.com/companies/23414.md) (acquirer)
- [Hexion Coatings and Composites (US) Inc.](https://endata.com/companies/60338.md) (target)

## Sources

- [kfd.com.tr](https://www.kfd.com.tr/kararlar/hexion-coatings-and-composites-tek-kontrolunun-22-03-29-12), 2022-01-13: "Hexion Coatings and Composites (US) Inc.’in tek kontrolünün Westlake Chemical Corporation tarafından devralınması işlemi."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/13239/000001323922000008/exhibit991hexionholdingsco.htm), 2022-02-01: "Hexion Holdings Corporation today announced that it has completed the sale of its epoxy-based Coatings and Composite businesses for approximately $1.2 billion to Westlake Chemical Corporation."
- [businesswire.com](https://www.businesswire.com/news/home/20220201005724/en/Hexion-Holdings-Completes-Sale-of-Epoxy-Businesses-to-Westlake-Chemical), 2022-02-01: "We are pleased to complete the sale of our Epoxy Business as part of our strategic efforts to maximize value for our shareholders."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/99164-hexion-holdings-completes-sale-of-epoxy-businesses-to-westlake-chemical), 2022-02-08: "We are pleased to complete the sale of our Epoxy Business as part of our strategic efforts to maximize value for our shareholders."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=22), 2022-03-18: "Hexion Holdings Completes Sale of Epoxy Businesses to Westlake Chemical"
- [pcimag.com](https://www.pcimag.com/articles/keyword/2065-acquisitions?page=4), 2022-03-27: "Hexion Holdings Corp. has completed the sale of its epoxy businesses to Westlake Chemical."

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