# Westlake Chemical completes acquisition of Hexion's epoxy business

Westlake Chemical Corporation completed the acquisition of Hexion Inc.'s global epoxy business for approximately $1.2 billion in an all-cash transaction. The business, based in Rotterdam, Netherlands, will be branded as Westlake Epoxy.

- Type: Acquisition
- Announced: 2022-02-01
- Where: Rotterdam, Netherlands, Netherlands
- Value: $1.20B
- Status: completed
- Products: epoxy resins, coatings, composites
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [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)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20220131005936/en/Westlake-Completes-Acquisition-of-Epoxy-Business), 2022-02-01: "With this transaction, Westlake will significantly expand its integrated business by adding a leading downstream portfolio of coatings and composite products."
- [european-coatings.com](https://www.european-coatings.com/news/markets-companies/westlake-completes-acquisition-of-epoxy-business/), 2022-02-10: "Westlake Chemical Corporation has completed the acquisition of Hexion global epoxy business for approximately USD 1.2 billion (ca. EUR 1 billion) in an all-cash transaction."
- [icorr.org](https://www.icorr.org/westlake-to-acquire-hexions-global-epoxy-business/), 2022-03-12: "Westlake Chemical Corporation has entered into a definitive agreement with Hexion to acquire their global epoxy business for approximately EUR 1.0 billion."

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