Sale of Westech Building Products ULC by Westlake Chemical Corporation
Scott-Macon Group, Inc. Advises Westlake Chemical Corporation on the Sale of Westech Building Products ULC to Trusscore, Inc.July 2021
Westlake Chemical Corporation, a global manufacturer and supplier of petrochemicals, polymers and building products headquartered in Houston, Texas (“Westlake”) has sold Westech Building Products ULC (“Westech®”) to Trusscore, Inc. (“Trusscore”).
Westech®, based in Calgary, Alberta, which began in 1979 as Engineered Profiles, Ltd., is a leading producer of PVC extruded profiles and custom shapes for the windows & doors and other PVC building materials industries. In 1984 it offered the first fully welded casement systems to window fabricators. As market conditions dictated, new systems were added to meet the growing demands for maintenance free, energy efficient, vinyl windows. In addition to its core window and door systems, Westech® produces various PVC building products including walls, panels, dock and deck.
Trusscore, based in Palmerston, Ontario, is a material science company focused on developing sustainable building materials. Trusscore makes a range of products suitable for multiple uses, products that install faster than existing alternatives and with a durable finished appearance. Applications include garages and workshops, commercial projects, including hospitality venues, restaurants, offices and agricultural applications including barns, indoor grow rooms, animal containment facilities and rooms that require a crisp, clean, long-lasting finish.
Scott-Macon’s Chemicals & Related Industries Group acted as the exclusive financial advisor to Westlake in this transaction.
Scott-Macon’s Chemicals & Related Industries Group and M&A Services
Serving a wide range of clients in the chemicals & related industries, Scott-Macon’s transaction experience has included corporate advisory assignments in chemical M&A, valuations and strategic advisory, and capital markets assignments in private and public markets.
Our clients have ranged from large global corporations looking to expand their existing operations or divest businesses which are not strategic, to private equity funds seeking to build a new or existing portfolio investment. We assist clients throughout all stages of the sale or acquisition process and develop strategy and valuation parameters before the initiation of the process.