M&A Deal Summary

Celanese Acquires Grupa Azoty - POM Technology

On June 23, 2021, Celanese Corp. acquired chemicals company Grupa Azoty - POM Technology from Grupa Azoty S.A.

Acquisition Highlights
  • This is Celanese’s 9th transaction in the Chemicals sector.
  • This is Celanese’s 1st transaction in Poland.

M&A Deal Summary

Date 2021-06-23
Target Grupa Azoty - POM Technology
Sector Chemicals
Buyer(s) Celanese Corp.
Sellers(s) Grupa Azoty S.A.
Deal Type Divestiture

Target

Grupa Azoty - POM Technology

Tarnow, Poland
Grupa Azoty's POM Technology is a technology relating to the production of polyacetal. Grupa Azoty's POM Technology is based in Tarnow, Poland.

Search 159,231 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Celanese Corp.

Irving, Texas, United States

website


Category Company
Founded 1918
SectorChemicals
Employees7,700
Revenue 5.7B USD (2020)
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 formed in 1918 and is based in Irving, Texas.


DEAL STATS #
Overall 15 of 16
Sector (Chemicals) 9 of 10
Type (Divestiture) 7 of 8
Country (Poland) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Nouryon - Elotex Business

Amsterdam, Netherlands

Nouryon - Elotex Business is one of the manufacturers of redispersible polymer powders for the following product applications self-leveling flooring and wall texturing smoothing/painting, exterior thermal insulation composite systems (ETICS) which provide exterior walls with an insulated and waterproof surface, applied as a topcoat by trowel or spraying and cement tile adhesives and grouts for floor and wall tiles, mosaic and flat natural stone on dimensionally stable subfloors and gypsum plaster and joint fillers, polymer binding systems, and cement and time-based renders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 ExxonMobil Chemical Co. - Santoprene Business

Spring, Texas, United States

ExxonMobil Chemical's Santoprene Business develops a ready-to-use material that behaves like rubber but can be processed like a thermoplastic. Compared to materials such as EPDM (ethylene propylene diene polymethylene backbone) or other thermoset rubbers, Santoprene thermoplastic vulcanizates (TPVs) offer: total system costs reduction through manufacturing simplification and weight reduction through a part redesign. Santoprene is a proven solution serving markets as diversified and demanding as automotive, building and construction, industrial and consumer products.

Buy $1.2B

Seller(S) 1

SELLER

Grupa Azoty S.A.

Tarnow, Poland

website


Category Company
SectorChemicals
Revenue 10.5B EUR (2020)
DESCRIPTION

Grupa Azoty is a manufacturer of nitrogen and compound fertilizers, also enjoying a strong position on the markets of melamine, caprolactam, polyamide, oxo alcohols, plasticizers, and titanium white. Grupa Azoty is based in Tarnow, Poland.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (Poland) 1 of 1
Year (2021) 1 of 1