Westlake Chemical acquires Dimex from Grey Mountain Partners

  • Westlake Chemical Corporation (NYSE:WLK) announced that one of its subsidiaries has acquired the parent company of Dimex LLC, from Grey Mountain Partners, a private equity firm.
  • Dimex produces a variety of consumer products made from post-industrial-recycled (PIR) polyvinyl chloride (PVC), polyethylene (PE) and thermoplastic elastomer (TPE) materials, and has annualized sales of ~$100M.
  • The proposed transaction is expected to close during the second half of 2021.
  • 'Westlake's pending acquisition of Dimex underscores the company's longstanding commitment to stewardship of the environment and recycling, and to taking actions that contribute to a sustainable, circular economy," said Robert Buesinger, Executive Vice President, Vinyl Products of Westlake Chemical Corporation.
  • Financial terms were not disclosed.

    Over the current book year the total revenue from the company in Houston will be 10.46 billion USD (consensus estimates). This is rather significant more than 2021's revenue of 7.5 billion USD.

    Historical revenues and results Westlake Chemical Corp plus estimates 2021

    beurskoers

    The analysts expect for 2021 a net profit of 1.61 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 12.25 USD. So the price/earnings-ratio equals 6.93.

    Analysts expect a dividend of 1.09 USD per share. The dividend yield is then 1.28 percent. The average dividend yield of the chemical companies equals a good 1.67 percent.

    Based on the current number of shares Westlake Chemical Corp 's market capitalization equals 10.91 billion USD. 43

    Historical stock prices Westlake Chemical Corp

    stock graphs westlakechemicalcorp

    At 19.33 the stock trades 2.29 percent lower at 84.95 USD.

    Analist.nl Nieuwsdienst: +31 084-0032-842
    nieuws@analist.nl

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. Analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.