M&A Deal Summary

Celanese Acquires Grupa Azoty - POM Technology

On June 23, 2021, Celanese acquired chemicals company Grupa Azoty - POM Technology from Grupa Azoty

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
Sellers(s) Grupa Azoty
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.

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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 15 of 17
Sector (Chemicals) 9 of 11
Type (Divestiture) 7 of 9
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 - 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

Tarnow, Poland

Category Company
Founded 2001
Sector Chemicals
Employees14,895
Revenue 13.5B EUR (2023)
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 was incorporated in 2001 and 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
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Compo Expert

Munster, Germany

Compo Expert offers a broad range of high-quality, innovative special fertilizers for professional users. Compo Expert is based in Munster, Germany.

Buy -