Westlake Chemical Corporation’s $252.5 Million Acquisition of LASCO Fittings

Baker Botts advised Westlake Chemical Corporation on the deal.

North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation (NYSE: WLK), announced that it has entered into a definitive agreement with Aalberts U.S. Holding Corp., a wholly owned subsidiary of Aalberts, N.V. (XAMS: AALB), under which it will acquire LASCO Fittings, Inc., a Brownsville, Tennessee-based, leading designer, engineer and manufacturer of injected-molded PVC fittings in an all-cash transaction for $252.5 million, subject to certain closing date adjustments as set forth in the definitive purchase agreement. The transaction is expected to close in the second half of 2021, subject to the receipt of regulatory clearance as well as other customary closing conditions.

The Baker Botts team included: Tim Taylor (Partner, Houston, Picture); Carina Antweil (Partner, Houston); J. Michael Portillo (Senior Associate, Austin); Bryson Manning (Associate, Houston); Jon Lobb (Partner, Houston); Snow Rui (Associate, Dallas); Thomas Fina (Partner, Washington, D.C.); Michael Bodosky (Counsel, Washington, D.C.); Gail Stewart (Partner, Houston); Gabriela Alvarez (Associate, Houston);  Jennifer Trulock (Partner, Dallas); Michelle Eber (Special Counsel, Houston); Fred Carbone (Associate, Houston); Connie Simmons Taylor (Partner, Houston); Austin Jennings (Associate, Houston); Scott Janoe (Partner, Houston); Cole Killion (Associate, Houston); Kevin Jacobs (Partner, Houston); Kristina Vu (Associate, Houston); Cynthia Cole (Partner, Palo Alto).

Involved fees earner: Gabriela Alvarez – Baker Botts LLP; Carina Antweil – Baker Botts LLP; Michael Bodosky – Baker Botts LLP; Fred Carbone – Baker Botts LLP; Cynthia Cole – Baker Botts LLP; Thomas Fina – Baker Botts LLP; Kevin Jacobs – Baker Botts LLP; Michelle Jacobson Eber – Baker Botts LLP; Scott Janoe – Baker Botts LLP; Austin Jennings – Baker Botts LLP; Cole Killion – Baker Botts LLP; Jon Lobb – Baker Botts LLP; Bryson Manning – Baker Botts LLP; Michael Portillo – Baker Botts LLP; Consuella Simmons Taylor – Baker Botts LLP; Gail Stewart – Baker Botts LLP; Timothy Taylor – Baker Botts LLP; Jennifer Trulock – Baker Botts LLP; Kristina Vu – Baker Botts LLP; Snow Xue Rui – Baker Botts LLP;

Law Firms: Baker Botts LLP;

Clients: Westlake Chemical Corporation;

Author: Martina Bellini