Berkshire Hathaway (NYSE: BRK-B) announced Friday that it has completed its acquisition of OxyChem—a leading producer of essential chemistry with operations in the U.S., Canada, and Latin America—in an all-cash deal for $9.7 billion.
OxyChem was formerly the chemicals business of Houston-based energy giant Occidental.The deal was first announced in October, and the 10-digital closing figure is subject to customary post-closing purchase price adjustments.
Addison-headquartered OxyChem will continue to be managed by its president and CEO, Wade Alleman, Berkshire Hathaway said.
OxyChem is a top-three U.S. manufacturer of polyvinyl chloride, chlor-alkali, and chlorinated organic chemicals, and calcium chloride. The company’s products play an essential role in everyday life, Berkshire Hathaway noted, “supporting critical applications in water treatment, pharmaceuticals, healthcare, manufacturing, automotive, personal hygiene, and residential and commercial construction.”
Omaha, Nebraska-based Berkshire Hathaway and its subsidiaries engage in a range of business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing, and services.
This report was updated Jan. 6, 2026, to reflect that OxyChem is headquartered in Addison, Texas; the company has a Dallas mailing address.
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
