Westlake Chemical Corporation
Investments
1Portfolio Exits
1Partners & Customers
4Service Providers
1About Westlake Chemical Corporation
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC resin and PVC building products including pipe and specialty components, windows and fence.

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Fortune 500 Investor list
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Latest Westlake Chemical Corporation News
May 16, 2023
May 16, 2023 Westlake Chemical Partners announced that Lisa A. Friel has been appointed to the board of directors of its general partner, Westlake Chemical Partners GP LLC. She will replace Angela A. Minas, who previously informed the company that she would resign from the board effective upon the appointment of her successor. Friel was the Managing Partner of Ernst & Young LLP’s San Antonio, Texas office from July 2012 until her retirement in September 2020. Friel began her career with Ernst & Young LLP in 1988. She is currently the Chair of the Board of Directors for the United Way of San Antonio. Friel holds a bachelor’s of science degree in Accounting and Business Administration from the University of Kansas and is a Certified Public Accountant. “We are extremely grateful to Angela for her service on our board. We wish her the best in her future endeavors,” stated James Chao, Chairman of Westlake Chemical Partners GP LLC. “We are very pleased that Lisa Friel has been appointed to our board. We know that her business and accounting experience will add considerable value to the partnership.”
Westlake Chemical Corporation Investments
1 Investments
Westlake Chemical Corporation has made 1 investments. Their latest investment was in ChemConnect as part of their Series C on April 4, 2000.

Westlake Chemical Corporation Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/18/2000 | Series C | ChemConnect | $72M | Yes | Abbott, BASF, Bayer, Borealis Exploration, BP, Celanese, Cercano Management, Chase H&Q, Chemical Week Associates, Chemtura, Citigroup, Dow Venture Capital, DSM Venturing, Eastman, Enron, Goldman Sachs, Highland Capital Partners, Huntsman, Hyundai Securities USA, Imperial Chemical Industries, Institutional Venture Partners, Marubeni Corporation, Mitsubishi Electric, Mitsui & Co. Global Investment, Morgan Stanley, Nova Chemicals, Occidental Chemical Corporation, Owens Corning, PPG Industries, Presidio Partners, Reichhold, Repsol, Rohm and Haas Company, SABIC, SABIC Innovative Plastics, Solutia, Sterling Chemicals, Sumitomo Corporation, Syndial S.p.A., and Westlake Chemical Corporation |
Date | 4/18/2000 |
---|---|
Round | Series C |
Company | ChemConnect |
Amount | $72M |
New? | Yes |
Co-Investors | Abbott, BASF, Bayer, Borealis Exploration, BP, Celanese, Cercano Management, Chase H&Q, Chemical Week Associates, Chemtura, Citigroup, Dow Venture Capital, DSM Venturing, Eastman, Enron, Goldman Sachs, Highland Capital Partners, Huntsman, Hyundai Securities USA, Imperial Chemical Industries, Institutional Venture Partners, Marubeni Corporation, Mitsubishi Electric, Mitsui & Co. Global Investment, Morgan Stanley, Nova Chemicals, Occidental Chemical Corporation, Owens Corning, PPG Industries, Presidio Partners, Reichhold, Repsol, Rohm and Haas Company, SABIC, SABIC Innovative Plastics, Solutia, Sterling Chemicals, Sumitomo Corporation, Syndial S.p.A., and Westlake Chemical Corporation |
Sources |
Westlake Chemical Corporation Portfolio Exits
1 Portfolio Exit
Westlake Chemical Corporation has 1 portfolio exit. Their latest portfolio exit was ChemConnect on July 10, 2007.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/10/2007 | Acquired | 1 |
Date | 7/10/2007 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Westlake Chemical Corporation Acquisitions
8 Acquisitions
Westlake Chemical Corporation acquired 8 companies. Their latest acquisition was Hexion - Epoxy Business on November 24, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
11/24/2021 | Acquired Unit | 13 | ||||
8/6/2021 | Debt | |||||
6/21/2021 | ||||||
11/26/2019 | ||||||
9/25/2018 |
Date | 11/24/2021 | 8/6/2021 | 6/21/2021 | 11/26/2019 | 9/25/2018 |
---|---|---|---|---|---|
Investment Stage | Debt | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | ||||
Sources | 13 |
Westlake Chemical Corporation Partners & Customers
4 Partners and customers
Westlake Chemical Corporation has 4 strategic partners and customers. Westlake Chemical Corporation recently partnered with Gates Corporation on March 3, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
3/16/2020 | Client | United States | Westlake Chemical's PVC Profile Group Supplier to 'The Gates of Central Park'. HOUSTON , March 16 / PRNewswire-FirstCall / -- North American Profiles Group , a subsidiary of Westlake Chemical Corporation , was chosenas the manufacturer of the PVC profiles used for the vertical and horizontalposts used to construct the 7,503 gates for The Gates , the artwork recentlydisplayed in New York 's Central Park . | 1 | |
8/27/2019 | Partner | ||||
11/18/2014 | Vendor | ||||
4/7/2009 | Licensee |
Date | 3/16/2020 | 8/27/2019 | 11/18/2014 | 4/7/2009 |
---|---|---|---|---|
Type | Client | Partner | Vendor | Licensee |
Business Partner | ||||
Country | United States | |||
News Snippet | Westlake Chemical's PVC Profile Group Supplier to 'The Gates of Central Park'. HOUSTON , March 16 / PRNewswire-FirstCall / -- North American Profiles Group , a subsidiary of Westlake Chemical Corporation , was chosenas the manufacturer of the PVC profiles used for the vertical and horizontalposts used to construct the 7,503 gates for The Gates , the artwork recentlydisplayed in New York 's Central Park . | |||
Sources | 1 |
Westlake Chemical Corporation Service Providers
1 Service Provider
Westlake Chemical Corporation has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
IPO | Investment Bank | Financial Advisor |
Service Provider | |
---|---|
Associated Rounds | IPO |
Provider Type | Investment Bank |
Service Type | Financial Advisor |
Partnership data by VentureSource
Westlake Chemical Corporation Team
3 Team Members
Westlake Chemical Corporation has 3 team members, including current Chief Executive Officer, President, George Smith.
Name | Work History | Title | Status |
---|---|---|---|
George Smith | Chief Executive Officer, President | Current | |
Name | George Smith | ||
---|---|---|---|
Work History | |||
Title | Chief Executive Officer, President | ||
Status | Current |
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