M&A Deal Summary

Celanese Acquires Acetex

On July 20, 2005, Celanese acquired chemicals company Acetex for 492M USD

Acquisition Highlights
  • This is Celanese’s 2nd transaction in the Chemicals sector.
  • This is Celanese’s 2nd largest (disclosed) transaction.
  • This is Celanese’s 1st transaction in Canada.
  • This is Celanese’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2005-07-20
Target Acetex
Sector Chemicals
Buyer(s) Celanese
Deal Type Add-on Acquisition
Deal Value 492M USD

Target

Acetex

Vancouver, British Columbia, Canada
Acetex Corp. is a developer of acetyls as well as specialty polymers and films.

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Buyer(S) 1

Buyer

Celanese

Irving, Texas, United States
Category Company
Founded 1918
Sector Chemicals
Employees12,400
Revenue 10.9B USD (2023)
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 producer 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 2 of 17
Sector (Chemicals) 2 of 11
Type (Add-on Acquisition) 2 of 8
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2005) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-05 Vinamul Polymers

Bridgewater, New Jersey, United States

Vinamul Polymers is a provider of specialty polymers.

Buy $208M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Acetate Products

Derby, United Kingdom

Acetate Products Ltd. is a manufacturer of polymers.

Buy $119M
Mergr

Product

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