"Westlake to gain control over the compounding solutions division of ACI, which operates a plant in Romania"
Westlake Corporation to Acquire ACI/Perplastic Group
Westlake Corporation, a global leader in petrochemicals, polymers, and building products, has announced an agreement to acquire the global compounding solutions businesses of ACI/Perplastic Group. The acquisition, which is expected to close in early 2026, subject to customary closing conditions and regulatory approvals, aims to expand Westlake's offerings.
ACI/Perplastic Group, a Portugal-based global manufacturer of specialty materials, serves the wire and cable sectors. The company, headquartered in Guarda, Portugal, operates four production facilities located in Mexico, Portugal, Romania, and Tunisia. These facilities manufacture polyvinyl chloride (PVC), polyolefin, silicone, and thermoplastic rubber compounds.
At the end of 2024, ACI had net sales of approximately EUR 210 million. Westlake's product range includes PVC compounds and polyethylene.
The acquisition was reported by Profit.ro, but no further details about the financial terms of the acquisition were disclosed. Westlake, which is headquartered in Houston, has operations in Asia, Europe, and North America.
Jean-Marc Gilson, President and CEO of Westlake, will lead the combined company. The CEO or leader of ACI/Perplastic Group has not been explicitly named in the search results.
The transaction is expected to enhance Westlake's position in the global market and broaden its product portfolio. The acquisition of ACI/Perplastic Group is a strategic move for Westlake, as it seeks to expand its offerings and strengthen its presence in the wire and cable sectors.
This is a developing story and more details about the acquisition are expected to be disclosed in the coming months. Stay tuned for updates on this significant move in the petrochemicals and polymers industry.
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