Berkshire Hathaway announced it has completed its acquisition of OxyChem from Occidental for $9.7 billion, subject to customary post-closing purchase price adjustments, bringing a large-scale U.S.-based chemical producer into Berkshire’s group of operating businesses.
OxyChem, headquartered in Dallas, Texas, is described as a leading producer of “essential chemistry” with operations spanning the U.S., Canada, and Latin America. And Berkshire said the business is a core manufacturing platform whose products are embedded in a wide range of everyday and industrial uses, reflecting a demand profile tied to both consumer necessities and critical infrastructure.
Berkshire highlighted OxyChem’s standing as a top-three U.S. manufacturer across several major chemical categories, including polyvinyl chloride (PVC), chlor-alkali and chlorinated organic chemicals, and calcium chloride. Those product lines sit at the center of multiple supply chains, with PVC commonly used in durable applications such as piping and construction materials, while chlor-alkali and related chemistries provide key inputs used broadly across industrial and public health functions.
Berkshire emphasized that OxyChem’s products play an essential role in supporting critical applications across water treatment, pharmaceuticals, healthcare, manufacturing, automotive, personal hygiene, and residential and commercial construction. Taken together, those end markets underscore the breadth of the company’s footprint and the degree to which basic chemical production can serve as a foundational layer for downstream products and services, from municipal water systems to industrial manufacturing processes.
OxyChem will continue to be managed by Wade Alleman, the company’s president and CEO, signaling an intention to keep existing operational management in place as the business transitions under Berkshire’s ownership. Management continuity is often viewed as particularly important in large-scale industrial operations, where safety, reliability, and long-run capital planning are central to performance.
While Berkshire did not provide additional details on integration plans, the transaction structure includes customary post-closing purchase price adjustments, a common feature in significant acquisitions that can account for working capital, net debt, and other closing-date balance sheet measures.
