M&A Deal Summary

Celanese Acquires Omni Plastics

On December 18, 2017, Celanese acquired plastics company Omni Plastics from Florida Production Engineering

Acquisition Highlights
  • This is Celanese’s 5th transaction in the Plastics sector.
  • This is Celanese’s 4th transaction in the United States.
  • This is Celanese’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-12-18
Target Omni Plastics
Sector Plastics
Buyer(s) Celanese
Sellers(s) Florida Production Engineering
Deal Type Divestiture

Target

Omni Plastics

Erie, Pennsylvania, United States
Omni Plastics, Inc. is engages in molding, assembling, and producing thermoplastic components and parts. Omni Plastics was founded in 1979 and is based in Erie, Pennsylvania.

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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 11 of 17
Sector (Plastics) 5 of 6
Type (Divestiture) 4 of 9
State (Pennsylvania) 1 of 1
Country (United States) 4 of 7
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Nilit Plastics

Migdal Haemek, Israel

Nilit Plastics is a provider of resins to our three compounding facilities under the POLYNIL® brand name, NILIT engineers PA 6.6 products for the most demanding compounding, extrusion and injection moulding applications.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Florida Production Engineering

Troy, Michigan, United States
Category Company
Founded 1981
Sector Automotive
DESCRIPTION

Florida Production Engineering engages in design, develop and produce a wide range of products for the OE Automotive companies and major Tier 1 suppliers.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-05 Omni Plastics

Erie, Pennsylvania, United States

Omni Plastics, Inc. is engages in molding, assembling, and producing thermoplastic components and parts. Omni Plastics was founded in 1979 and is based in Erie, Pennsylvania.

Buy -
Mergr

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