US Westlake closes $175m purchase of CertainTeed's PVC-pipe unit

01 May 2013 22:27  [Source: ICIS news]

HOUSTON (ICIS)--US-based Westlake Chemical said on Wednesday that it has closed on the $175m (€133m) deal to acquire CertainTeed’s pipe and foundation group, which will operate under the name of North American Specialty Products.

Announced in March, the acquisition includes the polyvinyl chloride (PVC) pipe, fittings, profiles and foundation businesses.

Westlake will also acquire the associated facilities in California and Kansas with production capacity of about 150m lb/year (68,000 tonnes/year), as well as the technologies and intellectual properties for the production of a number of specialised products.

North American Specialty Products will provide specialty PVC pipe, fittings and foundation for building products, agricultural, mining, municipal and other industrial markets.

($1 = €0.76)

Follow Tracy on Twitter


By: Tracy Dang
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly