Westlake Chemical Corporation announced that it has completed the acquisition of Dimex LLC, from Grey Mountain Partners, a private equity firm.

“The acquisition of Dimex underscores our longstanding commitment to stewardship of the environment and recycling, and to taking actions that contribute to a sustainable, circular economy,” said Robert Buesinger, Executive Vice President, Vinyl Products of Westlake Chemical Corporation.

“We are at an important societal inflection point where consumers prefer and are willing to pay for products made with recyclable materials. Dimex produces a variety of consumer products made from post-industrial-recycled polyvinyl chloride, polyethylene and thermoplastic elastomer materials, which will make this transaction an important piece of Westlake’s growth trajectory and ESG commitment for a long time.”

According to a recent survey of 2,000 U.S. consumers reported by Plastics Today, 59% of respondents appreciate buying items made with recycled materials and are willing to pay more for such products. Recycling reduces landfill waste and saves energy from plastics production.

Buesinger continued, “Dimex has over 30 years of experience and is one of the largest processors of recycled plastic materials in the United States. Dimex also supplies recycled flexible PVC and TPE compounds to other environmentally conscious manufacturers. Because Dimex uses its compounds in its own products, the company is uniquely positioned to understand its customers’ needs and to provide the engineering, manufacturing, and distribution capabilities to meet those needs quickly and effectively.”

Based in Marietta, Ohio, Dimex produces a range of consumer and building products, including landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls.

“With the acquisition of Dimex, we are significantly adding to our growing portfolio of environmentally friendlier products,” said Albert Chao, President and Chief Executive Officer of Westlake. “Westlake is continually improving how it incorporates recyclable plastic materials into products to serve our customers’ demands for innovative engineering and consumer interest in environmentally responsible goods. Our commitment to Environmental, Sustainability and Governance (ESG) objectives is focused on our mission of providing essential products and critical innovations for materials used in building and construction, consumer lifestyles and nutrition and healthcare.”