ACI, based in Portugal, is a manufacturer of specialty materials for the wire and cable sectors, The transaction includes the company's four production facilities located in Mexico, Portugal, Romania, and Tunisia.
The acquisition is a strategic move to bolster Westlake's existing compounding business and integrate with its Housing & Infrastructure Products (HIP) segment.
The Romanian plant, along with the others, manufactures a range of compounds, including PVC, polyolefin, silicone, and thermoplastic rubber.
Jean-Marc Gilson, President and CEO of Westlake, said: "The combination of ACI with Westlake's existing compounding business will present an excellent strategic fit and opportunity to integrate with our HIP business. It will allow us to further expand Westlake Global Compounds and add new specialty products and technology to our existing portfolio."
For the twelve months ended December 31, 2024, ACI's net sales were approximately €210 million.
The transaction is expected to close in early 2026, subject to customary closing conditions and regulatory approvals. NNDKP advised on the Romanian law aspects of the transaction.
