Westlake Chemical completed the acquisition of NAKAN from OpenGate Capital for $265m.

Westlake Chemical, an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, completed the acquisition of NAKAN, a global compounding solutions business, from OpenGate Capital for $265m. "The combination of NAKAN with Westlake’s existing compounding business will present an excellent strategic fit. It will allow us to expand our compounding business globally and add important specialty products and technology to our existing portfolio. NAKAN is an impressive business with an outstanding reputation for meeting customer needs with superior technology, product quality, and operating excellence. We look forward to working with their talented team once they join the Westlake family of companies," Albert Chao, Westlake President and Chief Executive Officer.