Celanese - M&A Summary and Business Overview

ChemicalsCompany

Celanese M&A Summary

Celanese has acquired 17 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Celanese’s largest acquisition to date was in 2021, when it acquired ExxonMobil Chemical - Santoprene Business for $1.2B. Celanese has acquired in 6 different US states, and 9 countries. The Company’s most targeted sectors include chemicals (65%) and plastics (36%).

Celanese Business Overview

Where is Celanese headquartered?

Celanese is headquartered in Irving, Texas.

What is Celanese’s revenue?

Celanese disclosed revenue of 9,673M USD for 2022 and 8,537M USD for 2021.

How many employees does Celanese have?

Celanese has 13,263 employees.

What sector is Celanese in?

Celanese is a chemicals company.

When was Celanese founded?

Celanese was founded in 1918.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity17
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 11
  • M&A Advisors 4

Celanese

Celanese Corp.

222 West Las Colinas Boulevard, Suite 900N,
Irving, Texas 75039
United States,
(972) 443-4000
www.celanese.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 13 1 2 1 - - 17
vol $819M $1.2B $11M $2.0B
Sell (0.0/yr) # 1 - - - - - 1
  18

Most Recent M&A

Company Date Value Type
DuPont's Mobility & Materials (“M&M”) Business 2022-02-18 11M USD Divestiture
Wilmington, Delaware
ExxonMobil Chemical Co. - Santoprene Business 2021-06-30 1.2B USD Divestiture
Spring, Texas
Grupa Azoty - POM Technology 2021-06-23 - Divestiture
Tarnow, Poland
Nouryon - Elotex Business 2020-01-30 - Divestiture
Amsterdam, Netherlands
Linde AG - Synthesis Gas Production Unit 2019-01-15 - Divestiture
Pasadena, Texas
Next Polymers Ltd. 2018-10-11 - Add-on Acquisition
Mumbai, India · www.nextpolymers.co.in
Omni Plastics, Inc. 2017-12-18 - Divestiture
Erie, Pennsylvania · www.omniplasticserie.com
Nilit Plastics 2017-02-01 - Divestiture
Migdal Haemek, Israel · www.nilit.com
SO.F.TER. SPA 2016-10-17 - Add-on Acquisition
Forli, Italy · www.softergroup.com
SOFTER SpA 2016-10-17 - Add-on Acquisition
Forli, Italy · www.softergroup.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Celanese EVA Performance Polymers, Inc.    - AT Plastics - AT Films business 2007-08-21 1
Edmonton, Alberta , United Kingdom

M&A by Sector

Sector Buy # Value Sell # Value
Chemicals 11 (65%) 2.0B (100%) 1 (100%) -
Plastics 6 (35%) - - -
Total 17 $2.0B 1 -

By Geo

State/Country Buy Value Sell Value
United States 7 1.4B - -
  Texas 2 1.2B - -
  Rhode Island 1 - - -
  Pennsylvania 1 - - -
  New Jersey 1 208M - -
  Delaware 1 11M - -
Germany 1 - 1 -
Italy 2 - - -
United Kingdom 2 119M - -
  Alberta 1 - - -
Canada 1 492M - -
  British Columbia 1 492M - -
India 1 - - -
Israel 1 - - -
Netherlands 1 - - -
Poland 1 - - -
Domestic 7 (41%) 1.4B (69%) - -
Cross-border 10 (59%) 611M (31%) 1 (100%) -
Total 17 $2.0B 1 -

Top M&A Advisors

Financial Deals
BofA Securities
 1
Goldman Sachs
 1
Legal Deals
Kirkland & Ellis
 2
Gibson, Dunn & Crutcher
 1

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 3 $819M
< $100M 1 $11M
TOTAL $2.0B
Largest ExxonMobil Chemical Co. - Santoprene Business
$1.2B (2021-06-30)

M&A Connections

Deals
Acquired from
Investor(s)
6%
1 (6%)
Strategic(s)
53%
9 (53%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Chemicals

Revenue

9,673   14% 2022
8,537   51% 2021
5,655   11% 2020
6,297   12% 2019
7,155   17% 2018
6,140   14% 2017
5,389   6% 2016
5,674   17% 2015
6,802   5% 2014
6,510   2% 2013
6,418   2012
(millions of USD) Show More Show Less

Employees

13,263

Established

1918

Public

NYSE: CE

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