Westlake Chemical Corporation (NYSE: WLK) announced today that it has completed the previously announced acquisition of Axiall Corporation (NYSE: AXLL) for $33.00 per share in an all-cash transaction, representing an enterprise value of approximately $3.8 billion, including debt and certain other Axiall liabilities.
- Westlake Chemical Corporation will acquire Boral Ltd.’s North American building products businesses for $2.15 billion
- Acquisition will nearly double Westlake’s building products business by adding leading brands in the premium roofing; siding, trim and shutters; decorative stone; and windows business in North America
- Additional product lines will broaden Westlake’s footprint into the fast-growing housing markets in North America
Westlake Chemical Corporation (NYSE: WLK) today announced that it has entered into a definitive agreement with Boral Industries Inc., a wholly owned subsidiary of Boral Limited (ASX: BLD), under which Westlake will acquire Boral’s North American building products businesses in roofing; siding, trim and shutters; decorative stone; and windows for $2.15 billion in an all-cash transaction.
Westlake Chemical Completes Acquisition of Axiall Corporation
Axiall & ICWUC Local #45 Announce Results of Contract Ratification Vote
Axiall Corporation (NYSE: AXLL) and International Chemical Workers’ Union Council Local #45C today announced election results of a collective bargaining agreement at its Eagle Natrium LLC subsidiary, which operates as Axiall Natrium, chemicals facility located in Marshall County, W.Va.
Axiall Reports Second-Quarter 2016 Results
Axiall Corporation (NYSE: AXLL) today announced financial results for the quarter ended June 30, 2016. The company reported net sales of $776.1 million for the second quarter of 2016, compared to net sales of $869.2 million for the second quarter of 2015.
Axiall and Lotte Chemical Hold LACC Ethane Cracker Groundbreaking Ceremony
LACC LLC, the joint-venture company formed by Axiall Corporation (NYSE: AXLL) and Lotte Chemical Corporation (KOSPI: 011170) of the Republic of Korea, today held a groundbreaking ceremony at its Calcasieu Parish, La. construction site.