WESTLAKE CORPORATION Stock Price, News & Analysis

Westlake Royal Building Products has launched SwiftGuard, a synthetic roofing underlayment designed for various roofing types, including steel, tile, shingle, and shake. It features patented nail gasketing technology for enhanced durability and weather protection. SwiftGuard allows for exposure to the elements for up to 180 days without degradation, making it suitable for steep slope installations. The underlayment meets ASTM standards and is lightweight, facilitating easy transport and installation. It will be showcased at the International Roofing Expo and International Builders’ Show in early February 2022.

Hexion has finalized the sale of its epoxy-based Coatings and Composite businesses, including epoxy specialty and base resins, to Westlake Chemical for approximately $1.2 billion. This strategic move aims to maximize shareholder value and aligns with Hexion's ongoing initiatives. Following this transaction, Hexion will focus on its Adhesives and Versatic™ Acids product lines, leveraging strong demand in North America. Additionally, Hexion is set to be acquired by affiliates of American Securities for $30.00

Westlake Chemical Corporation (NYSE: WLK) has successfully acquired Hexion Inc.’s global epoxy business for approximately $1.2 billion in an all-cash transaction. This acquisition aims to enhance Westlake’s portfolio with specialty resins, coatings, and composites that serve high-growth industries, including renewable energy and automotive sectors. The newly branded Westlake Epoxy will play a key role in manufacturing sustainable products like wind turbine blades and lightweight automotive components, aligning with Westlake's commitment to sustainability and growth.

Westlake Royal Building Products has launched Westlake Royal Roofing, combining the former Boral North America and DaVinci Roofscapes product lines into a comprehensive offering. Unveiled at the 2022 International Roofing Expo in New Orleans, this new branding enhances their portfolio of clay, concrete, steel, and composite roofing solutions. The launch includes innovative products like SwiftGuard and Sol-R-Skin BLUE, aimed at improving roof performance and resilience. This strategic move positions Westlake to better serve contractors, customers, and homeowners across North America.

Westlake Chemical Corporation (NYSE: WLK) is set to release its fourth quarter and full year earnings for 2021 on February 22, 2022, before market opening. A conference call will follow at 11:00 a.m. Eastern Time to discuss the results. Callers can dial (855) 760-8160 or (704) 288-0624 for international access, using passcode 8356311. The call will also be accessible via webcast. A replay will be available for seven days after the call concludes. For more details, visit Westlake's investor page.

Westlake Chemical Partners (NYSE: WLKP) is set to release its fourth quarter and full-year earnings for 2021 on February 22, 2022, before the market opens. A conference call will follow at 1:00 p.m. Eastern Time to discuss results. Interested parties can join by calling (855) 765-5686 or accessing the webcast here. The partnership operates ethylene production facilities and holds a 22.8% stake in Westlake Chemical OpCo LP, which has facilities in Kentucky and Louisiana.

Westlake Royal Building Products has officially launched, merging the portfolios of Royal Building Products, Boral North America, and DaVinci Roofscapes. This new brand introduces a diverse range of products including siding, roofing, and windows, marking a significant expansion for the company. The brand will debut at major trade shows in February 2022, showcasing its innovative offerings to architects and builders across North America. The launch represents over two years of strategic acquisition efforts aimed at enhancing growth and market presence.

The Board of Directors of Westlake Chemical Partners LP has declared a quarterly distribution of $0.4714 per unit, marking the 30th such distribution since the Partnership's IPO. This distribution is set to be payable on February 17, 2022, to unit holders of record as of February 3, 2022. Notably, the Partnership is subject to federal income tax withholding for non-U.S. investors at the highest applicable rate. Westlake Chemical Partners operates ethylene production facilities and holds a 22.8% interest in Westlake Chemical OpCo LP.

Hexion Holdings has entered into an agreement to be acquired by American Securities LLC for $30.00 per share in cash. The transaction is set to close in the first half of 2022 pending the completion of Hexion's sale of its epoxy business to Westlake Chemical Corporation (NYSE: WLK). Hexion's net sales for 2020 were $2.5 billion, projected to be $1.4 billion post-epoxy sale. The purchase price offers a 15% premium based on closing prices as of December 17, 2021, and 53% compared to July 30, 2021. A majority of shareholders support the acquisition.