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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.
Westlake Chemical Corporation made a binding offer to acquire NAKAN (Ivy Group Holding SAS), a PVC compounding solutions business, from OpenGate Capital for approximately $270 million. The transaction is expected to close by early 2019.