Westlake Chemical completed the acquisition of the global epoxy business from Hexion for $1.2bn.

Westlake Chemical, a global manufacturer and supplier of materials and innovative products, completed the acquisition of the global epoxy business from Hexion, a producer of epoxy resins, modifiers and curing agents for high-performance materials, coatings and composites, for $1.2bn. “Light-weighting is a critical feature for the manufacture of structural components for automobiles and for renewable energy, particularly the composite blades used by wind turbines, and epoxies are key ingredients for these sustainable products. The industries served by Hexion Epoxy are very attractive to Westlake and the business is expected to be a synergistic addition to Westlake’s existing businesses," Albert Chao, Westlake President and CEO.