Cleary Gottlieb is acting as counsel to Westlake Chemical Corporation in its acquisition of NAKAN from Los Angeles-based private equity firm OpenGate Capital for approximately $265 million.
The transaction is expected to close by early 2019, subject to receipt of regulatory approvals, completion of required employee consultation procedures and other customary closing conditions.
Westlake Chemical Corporation is is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products. NAKAN is a a global compounding solutions business.