M&A Deal Summary

Celanese Acquires Celanese EVA Performance Polymers

On August 1, 2009, Celanese acquired chemicals company Celanese EVA Performance Polymers from Peninsula Capital Partners

Acquisition Highlights
  • This is Celanese’s 4th transaction in the Chemicals sector.
  • This is Celanese’s 2nd transaction in the United Kingdom.
  • This is Celanese’s 1st transaction in Alberta.

M&A Deal Summary

Date 2009-08-01
Target Celanese EVA Performance Polymers
Sector Chemicals
Buyer(s) Celanese
Sellers(s) Peninsula Capital Partners
Deal Type Add-on Acquisition

Target

Celanese EVA Performance Polymers

Edmonton, Alberta, United Kingdom
Celanese EVA (ethylene vinyl acetate) polymers is a North American manufacturer of a full range of EVA copolymers. Celanese EVA polymers is based in Dallas, Texas, and its manufacturing plant is located in Edmonton, Alberta, Canada.

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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 4 of 17
Sector (Chemicals) 4 of 11
Type (Add-on Acquisition) 4 of 8
State (Alberta) 1 of 1
Country (United Kingdom) 2 of 2
Year (2009) 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-21 Future Advanced Composites & Technologies

Kaiserslautern, Germany

FACT is a producer of long-fiber reinforced thermoplastics (LFT) used in injection moulding, extrusion, compression moulding and blow moulding applications.

Buy -

Seller(S) 1

SELLER

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 18 of 47
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 8 of 23
State (Alberta) 1 of 2
Country (United Kingdom) 1 of 2
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-14 Specialized Packaging Group

Oakland, Connecticut, United States

Specialized Packaging Group is a vertically-integrated provider of protective packaging products that operates under two divisions, IVEX and Engineered Packaging. Specialized Packaging Group was founded in 1983 and is based in Oakland, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 All-Pak

Bridgeville, Pennsylvania, United States

All-Pak, Inc. is a privately held packaging design, distribution and logistics company headquartered in Bridgeville, PA. The Company provides packaging solutions such as metal and plastic drums, plastic bottles, closures, labels, bags and a myriad of other packaging components.

Sell -