Houston’s Westlake Buys French Chemical Company

January 3, 2019

 

Westlake Chemical is buying NAKAN, a French chemical company.

The $265 million deal closed this week, Houston-based plastics maker Westlake said, and will greatly expand its activity in Europe and Asia.

NAKAN makes polymer compounding solutions for the medical, construction, automotive and building industries.

NAKAN’s seller is California-based OpenGate Capital.

The acquisition brings Westlake multiple facilities in Vietnam, China, Spain, the US, Mexico, Japan and Italy, as well as Germany and France.