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Westlake subssidiary completes acquisition of LASCO Fittings

August 23/2021

MOSCOW (MRC) -- North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation has announced that it acquired LASCO Fittings LLC, a Brownsville, Tennessee-based, leading designer, engineer and manufacturer of injected-molded polyvinyl chloride (PVC) fittings, from Aalberts, NV, according to BusinessWire.

We are pleased to complete this important strategic acquisition and to welcome LASCO Fittings and its talented team into the Westlake family of companies, said Andre Battistin, vice president, NAPCO Pipe & Fittings. By adding LASCO Fittings to our product mix, NAPCO will expand into additional markets, particularly as LASCO specializes in half-inch to four-inch fittings and serves the plumbing, pool and spa, industrial, irrigation and retail markets in the United States. LASCOs product mix is very complementary to our existing range of pipe and fittings products primarily with diameters of four or more inches and will bring additional fittings products to NAPCOs offerings.

LASCO Fittings will continue to operate a 48-acre, 500,000 square foot manufacturing and distribution facility in Brownsville, Tennessee, northeast of Memphis. It also has eight regional distribution facilities strategically located throughout the United States. The company employs about 560 employees.

As MRC reported before, earlier this month, Westlake Chemical Corporation announced plans for one of its subsidiaries to acquire the parent company of Dimex LLC, from Grey Mountain Partners, a private equity firm. Based in Marietta, Ohio, Dimex produces a variety of consumer products made from post-industrial-recycled (PIR) PVC, polyethylene (PE) and thermoplastic elastomer (TPE) materials, and has annualized sales of approximately USD100 million. These consumer products include landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls.

According to MRC's ScanPlast report, Russia's overall production of unmixed PVC totalled 580,500 tonnes in the first seven months of 2021, up by 4% year on year. At the same time, one producer reduced its output.

Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, chlor-alkali and derivative products, PVC suspension and specialty resins, PVC Compounds, and PVC building products including siding, pipe, fittings and specialty components, windows, fence, deck and film.


mrcplast.com
Author:Margaret Volkova
Tags:PVC, PE, SPVC, injection moulding, fittings, Westlake Chemical, USA.
Category:General News
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