Westlake acquires Dimex – QNT Press Release

Westlake Chemical Company (NYSE code:WLK), today announced one of its subsidiaries’ plan to acquire the parent company of Dimex LLC from the private equity firm Gray Mountain Partners. Headquartered in Marietta, Ohio, Dimex produces a variety of consumer products made from post-industrial recycled (PIR) polyvinyl chloride (PVC), polyethylene (PE) and thermoplastic elastomer (TPE) materials, with annual sales of approximately 1 One hundred million U.S. dollars. These consumer products include landscape edges; industrial, home and office cushions; ocean dock edges; and masonry joint control. The proposed transaction is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 in the United States, and is expected to be completed in the second half of 2021.

“Westlake’s upcoming acquisition of Dimex underscores the company’s long-term commitment to environmental management and recycling, and actions that contribute to a sustainable circular economy,” said Robert Buesinger, executive vice president of vinyl products at Westlake Chemical Corporation. “With more than 30 years of experience, Dimex is one of the largest processors of recycled plastic materials in the United States. Dimex also supplies recycled flexible PVC and TPE compounds to other environmentally conscious manufacturers. Because Dimex…

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