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Nov. 24, 2021, 7:23 a.m. EST

Westlake Chemical buys Hexion Epoxy for $1.2 billion

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By Steve Gelsi

WLK

Westlake Chemical Corp. /zigman2/quotes/204882520/composite WLK -3.44% on Wednesday said it agreed to buy Hexion Inc.'s global epoxy business for about $1.2 billion. The Rotterdam, Netherlands business rang up $1.5 billion sales in the 12 months ended Sept. 30. Hexion Epoxy operates on three continents with eight manufacturing plants and five research and development labs in Asia, Europe and the U.S. Shares of Westlake Chemical are up 22.5% this year, compared to a rise of24.9% by the S&P 500.

/zigman2/quotes/204882520/composite
US : U.S.: NYSE
$ 95.86
-3.41 -3.44%
Volume: 215,615
Jan. 28, 2022 12:35p
P/E Ratio
8.38
Dividend Yield
1.24%
Market Cap
$12.69 billion
Rev. per Employee
$1.11M
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