06 March 2013 22:50 [Source: ICIS news]
HOUSTON (ICIS)--Westlake Chemical has agreed to purchase CertainTeed’s Pipe and Foundation Group (PFG), a leading producer of polyvinyl chloride (PVC) pipe and fittings for municipal, water well, mining, agriculture and irrigation applications, Westlake announced on Wednesday.
The deal is worth $175m (€135m), including $22m of working capital, with closing adjustments, and the transaction should close in the Q2 2013, ?xml:namespace>
The acquisition includes PFG’s PVC pipe, fittings, profiles and foundations business and associated operating facilities in
CertainTeed is a subsidiary of French construction material producer Compagnie de Saint-Gobain.
($1 = €0.77)
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