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Australia’s Boral Ltd. has agreed to sell its North American building products business to Westlake Chemical Corp. for $2.15 billion in cash.
Expected to close before the end of the year, the deal includes Boral’s roofing, siding/trim, decorative stone, and windows products businesses and nearly doubles the size of Westlake’s building products business.
“This transaction will bring well-established and high-quality architectural solutions and premium product brands to complement our existing businesses, including Royal Building Products’ siding, trim and molding, DaVinci composite roofing, NAPCO Pipe and Fittings, and specialty PVC compounding business,” said Westlake president and CEO Albert Chao.
