Westlake Plastics Company (WPC), a manufacturer of extruded and compression-moulded thermoplastic products for a wide variety of applications in the medical, industrial, semiconductor, military and aerospace markets, has announced a change of majority ownership. Effective May 1, Actimed of France has invested $6.5 million in WPC and is now the majority stakeholder in the company.
Westlake Plastics and Actimed have had a 30-year working relationship. Actimed’s MTD subsidiary has served as Westlake Plastics’ exclusive European distributor. MTD will change its name to Westlake Plastics Europe under the new ownership. Randy Altland, CEO of Westlake Plastics, will remain in this position.
www.westlakeplastics.com