Westlake (WLK) announced that it has completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group, headquartered in Portugal. The acquisition expands Westlake Global Compounds’ manufacturing footprint into Portugal, Romania, and Tunisia, and adds to its existing operations in Mexico, the company said. “The integration of ACI with Westlake’s compounding operations represents a strong strategic alignment, offering significant opportunities to further strengthen our Housing & Infrastructure Products business. This acquisition will enhance the reach of Westlake Global Compounds and introduce new specialty products and advanced technologies to our portfolio,” stated Jean-Marc Gilson, President and Chief Executive Officer of Westlake.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WLK:
- Westlake price target lowered to $92 from $93 at UBS
- Westlake price target raised to $85 from $75 at Citi
- Westlake price target lowered to $83 from $84 at BofA
- Westlake Corporation’s Strategic Restructuring and Cost-Saving Measures Justify Buy Rating Amid Short-Term Challenges
- Westlake price target lowered to $80 from $90 at Morgan Stanley
