Westlake Corporation (NYSE: WLK) has recently announced its agreement to acquire the global compounding solutions businesses of the ACI/Perplastic Group ("ACI"). This acquisition is expected to bring expansion for Westlake's Housing & Infrastructure Products (HIP) segment.
ACI, a Portugal-based global manufacturer of specialty materials serving the wire and cable sectors, is set to enhance Westlake's offerings. The company has four production facilities located in Mexico, Portugal, Romania, and Tunisia, which manufacture polyvinyl chloride (PVC), polyolefin, silicone, and thermoplastic rubber compounds.
For the twelve months ended December 31, 2024, ACI reported net sales of approximately EUR 210 million.
The transaction is anticipated to close in early 2026, subject to the satisfaction of customary closing conditions, including receipt of certain regulatory approvals.
Westlake Corporation, headquartered in Houston, is a global manufacturer and supplier of materials and innovative products with operations in Asia, Europe, and North America. They provide essential solutions for various industries, including housing and construction, packaging and healthcare, automotive, and consumer goods. As a result of these announcements, the company's shares have moved -0.69% on the market, and are now trading at a price of $86.63. If you want to know more, read the company's complete 8-K report here.
