Westlake closes acquisition CertainTeed’s Pipe Foundation business

Westlake closes acquisition of CertainTeed’s Pipe and Foundation business

7:01 AM, 2nd May 2013
Westlake closes acquisition of CertainTeed’s Pipe and Foundation business

HOUSTON, US: Westlake Chemical Corporation has closed the previously announced acquisition of CertainTeed Corporation’s Pipe and Foundation Group (PFG) business effectively. The PFG acquisition includes the PVC pipe, fittings, profiles and foundation business and associated facilities in Lodi, California and McPherson, Kansas with production capacity of approximately 150 million pounds per year.

“We are pleased to have closed this important strategic acquisition and to welcome the former CertainTeed PFG business employees to the Westlake and North American Pipe team. This acquisition enhances our North American Pipe and building products portfolio by adding specialty product lines and supporting technology that we do not currently have. These new products, technologies, and a broader market reach will increase our ability to service our customers’ needs and further differentiate the value of our vinyls integration strategy,” said Albert Chao, President and CEO, Westlake Chemical Corporation.

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