Saint-Gobain sells its PVC “Pipe & Foundations” business to Westlake Chemical for US$175 million

PARIS–(BUSINESS WIRE)–Saint-Gobain signed an agreement for the sale of its U.S.-based PVC Pipe & Foundations business to North American Pipe Corporation, a subsidiary of Westlake Chemical Corporation (NYSE:WLK) of Houston, Texas, for a total price (enterprise value) of US$175 million (around €135 million), representing 7.2 times 2012 EBITDA(US$24 million). Manufactured by Saint-Gobain’s Exterior Products Division within […]