Westlake Polymers Corp.
Because the company uses a second-generation renewable biomass — used cooking oil — its feedstock isn't in competition with agriculture for food, "which is very often the case when you talk about renewable feedstock," says Thomas Brock, Westlake Vinnolit business unit director of vinyls, innovation and technology.
The all-cash deal includes 29 manufacturing sites in the U.S. and Mexico. Boral's North American building products businesses include roofing; siding, trim and shutters; decorative stone; and windows.
The Houston-based materials and finished products maker saw its 2019 sales fall 6 percent to just a little more than $8.1 billion, as profit for the year tumbled almost 58 percent to $421 million.
Officials say that acquisition of compounder Nakan should give the firm a boost in 2019.
Petrochemicals maker Westlake Chemical Corp. of Houston is acquiring global compounder Nakan from OpenGate Capital in a $265 million all-cash deal.
Westlake Chemical Corp. plans to add capacity for PVC resin and vinyl chloride monomer feedstock at plants in Louisiana and Germany.
U.S. Department of Justice says Wade Barbay embezzled more $1.4 million through his position overseeing the company's corporate credit card program.
Lower selling prices and production outages affected Westlake Chemical Corp. in 2016, as the materials maker's sales grew even as profit declined.
After going through its own sale to Westlake Chemical Corp., Royal Building Products is showing off new grooved decking and cedar shake that it expects to be such big sellers that the company is adding capacity.
Royal Building Products has closed its PVC pipe plant in Newbern, Tenn., about two months after its parent company Axiall Corp. was acquired by Westlake Chemical Corp.
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