M&A Deal Summary

Celanese Acquires ExxonMobil Chemical - Santoprene Business

On June 30, 2021, Celanese acquired chemicals company ExxonMobil Chemical - Santoprene Business from ExxonMobil Chemical for 1.2B USD

Acquisition Highlights
  • This is Celanese’s 10th transaction in the Chemicals sector.
  • This is Celanese’s largest (disclosed) transaction.
  • This is Celanese’s 6th transaction in the United States.
  • This is Celanese’s 2nd transaction in Texas.

M&A Deal Summary

Date 2021-06-30
Target ExxonMobil Chemical - Santoprene Business
Sector Chemicals
Buyer(s) Celanese
Sellers(s) ExxonMobil Chemical
Deal Type Divestiture
Deal Value 1.2B USD

Target

ExxonMobil Chemical - 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.

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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 16 of 17
Sector (Chemicals) 10 of 11
Type (Divestiture) 8 of 9
State (Texas) 2 of 2
Country (United States) 6 of 7
Year (2021) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 DuPont s Mobility & Materials Business

Wilmington, Delaware, United States

DuPont's Mobility & Materials (“M&M”) Business is a producer of engineering thermoplastics and elastomers serving a variety of end-uses including automotive, electrical and electronics, consumer goods, and industrial applications. The M&M product portfolio includes numerous specialty materials with global leadership positions in nylons (PA 66, PA 6), specialty nylons (HPPA, LCPA, filaments), polyesters (PET and PBT), and elastomers (TPC and EAE). The M&M portfolio is highly functionalized to meet a wide variety of application specifications and is supported by a leading intellectual property portfolio and technology organization.

Buy $11M

Seller(S) 1

SELLER

ExxonMobil Chemical

Spring, Texas, United States

Category Company
Sector Chemicals
DESCRIPTION

ExxonMobil Chemical Company is one of the largest petrochemical companies worldwide. The company holds leadership positions in some of the largest-volume and highest-growth commodity petrochemical products in the world. ExxonMobil Chemical Company has manufacturing capacity in every major region of the world, serving large and growing markets. More than 90 percent of the Company’s chemical capacity is integrated with large refineries or natural gas processing plants.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-29 PT. Federal Karyatama

Tangerang, Indonesia

PT. Federal Karyatama is a manufacturer and marketer of motorcycle lubricants. the company nationwide distribution network supported by approximately 40 dealers, 3,200 Federal Oil Centers and more than 10,000 retailers throughout Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Materia

Pasadena, California, United States

Materia is a provider of high-performance catalysts and advanced polymers used to solve complex problems facing today's chemical, electronic, energy, industrial, pharmaceutical, and transportation companies. Materia was founded in 1998 and is based in Pasadena, California.

Buy -