NEWS

Westlake Chemical Closes Purchase of NAKAN PVC Compounding Solutions Business

Friday, Jan 04, 2019

Westlake Chemical Corporation today completed the previously announced acquisition of NAKAN™, a global compounding solutions business.

NAKAN’s products are used in a wide-variety of applications, including in the automotive, building and construction, and medical industries.

“The combination of NAKAN with Westlake’s existing compounding business represents 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,” said Albert Chao, president and chief executive officer of Westlake Chemical Corporation. “NAKAN brings an impressive business with an outstanding reputation for meeting customer needs with superior technology, product quality, and operating excellence. We are pleased to welcome their talented team into the Westlake family of companies.”

With this combination, Westlake’s compounding business now has facilities worldwide in China, France, Germany, Italy, Japan, Mexico, Spain, the United States and Vietnam, as well as a world-class research facility in France and several application laboratories.

 

Source: businesswire.com

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