Westlake Plastics retires debt, launches turnaround

After hitting a trough two years ago, Westlake Plastics (Lenni, PA) is reinvesting in its processing equipment and expanding product capabilities under new ownership, CEO Randy Altland said in an interview at MD&M East in Philadelphia.

A manufacturer of extruded and compression-molded high performance thermoplastic products for the medical, industrial, semiconductor, military and aerospace markets, Westlake Plastics was acquired May 1 by Actimed of France for $6.5 million. Actimed’s MTD subsidiary had been Westlake Plastics’ exclusive European distributor for 30 years. Actimed is the majority owner.

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