M&A Deal Summary

Celanese Acquires Linde AG - Synthesis Gas Production Unit

On January 15, 2019, Celanese acquired chemicals company Linde AG - Synthesis Gas Production Unit from Linde

Acquisition Highlights
  • This is Celanese’s 7th transaction in the Chemicals sector.
  • This is Celanese’s 5th transaction in the United States.
  • This is Celanese’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-01-15
Target Linde AG - Synthesis Gas Production Unit
Sector Chemicals
Buyer(s) Celanese
Sellers(s) Linde
Deal Type Divestiture

Target

Linde AG - Synthesis Gas Production Unit

Pasadena, Texas, United States
Linde AG - Synthesis Gas Production Unit is a production of synthesis gas. Syngas can be produced from many sources, including natural gas, coal, biomass, or virtually any hydrocarbon feedstock, by reaction with steam or oxygen. Syngas is a crucial intermediate resource for the production of acetic acid, hydrogen, ammonia, methanol, and synthetic hydrocarbon fuels.

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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 13 of 17
Sector (Chemicals) 7 of 11
Type (Divestiture) 5 of 9
State (Texas) 1 of 2
Country (United States) 5 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Next Polymers

Mumbai, India

Next Polymers Ltd. is a provider of domestic engineering thermoplastics (ETP) compounders. Next Polymers Ltd. was founded in 2006 and is based in Mumbai, India.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Linde

Woking, United Kingdom

Category Company
Founded 1879
Sector Chemicals
Employees66,195
Revenue 32.9B USD (2023)
DESCRIPTION

Linde is an international industrial gas and engineering company that offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants. Linde was founded in 1879 and is based in Woking, United Kingdom.


DEAL STATS #
Overall 5 of 7
Sector (Chemicals) 3 of 4
Type (Divestiture) 4 of 6
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Specialized Medical Services

Milwaukee, Wisconsin, United States

Specialized Medical Services, Inc. is a provider of quality oxygen and nutritional supplement products and consulting services to long-term, renal and oncological healthcare organizations. Healthcare organizations range from hospitals, dialysis and oncology clinics to nursing homes, hospices and rehabilitation agencies. The investment was exited via a recapitalization transaction.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Messer Industries

Bad Soden am Taunus, Germany

Messer Industries is a manufacturer and supplier of oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, inert welding gases, special gases, gases for medicinal use and a wide variety of gas mixtures. Messer Industries is based in Bad Soden am Taunus, Germany.

Sell -