M&A Deal Summary

Celanese Acquires Acetate Products

On January 1, 2007, Celanese acquired chemicals company Acetate Products for 119M USD

Acquisition Highlights
  • This is Celanese’s 3rd transaction in the Chemicals sector.
  • This is Celanese’s 4th largest (disclosed) transaction.
  • This is Celanese’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2007-01-01
Target Acetate Products
Sector Chemicals
Buyer(s) Celanese
Deal Type Add-on Acquisition
Deal Value 119M USD

Target

Acetate Products

Derby, United Kingdom
Acetate Products Ltd. is a manufacturer of polymers.

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Buyer(S) 1

Buyer

Celanese

Irving, Texas, United States

website


Category Company
Founded 1918
Sector Chemicals
Employees8,500
Revenue 8.5B USD (2021)
DESCRIPTION
Entrance to Celanese's corporate headquarters in Irving, Texas.
Entrance to Celanese's corporate headquarters in Irving, Texas.

Celanese is a global technology and specialty materials company. Celanese is one of the largest producers of acetyl products for nearly all major industries, as well as a global producer of high performance engineered polymers that are used in a variety of high-value applications. The Company's product portfolio serves a diverse set of end-use applications including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. Celanese was incorporated in 1918 and is based in Irving, Texas.


DEAL STATS #
Overall 3 of 17
Sector (Chemicals) 3 of 11
Type (Add-on Acquisition) 3 of 8
Country (United Kingdom) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-20 Acetex

Vancouver, British Columbia, Canada

Acetex Corp. is a developer of acetyls as well as specialty polymers and films.

Buy $492M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 OXEA

Oberhausen, Germany

OXEA GmbH is a global producer of oxo chemicals and its derivatives.

Sell -