Westlake Chemical Corp.
on Wednesday stated it agreed to purchase Hexion Inc.’s international epoxy enterprise for about $1.2 billion. The Rotterdam, Netherlands enterprise rang up $1.5 billion gross sales within the 12 months ended Sept. 30. Hexion Epoxy operates on three continents with eight manufacturing crops and 5 analysis and improvement labs in Asia, Europe and the U.S. Shares of Westlake Chemical are up 22.5% this 12 months, in comparison with an increase of24.9% by the S&P 500.

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