M&A Deal Summary

Celanese Acquires SO.F.TER.

On October 17, 2016, Celanese acquired plastics company SO.F.TER.

Acquisition Highlights
  • This is Celanese’s 3rd transaction in the Plastics sector.
  • This is Celanese’s 2nd transaction in Italy.

M&A Deal Summary

Date 2016-10-17
Target SO.F.TER.
Sector Plastics
Buyer(s) Celanese
Deal Type Add-on Acquisition

Target

SO.F.TER.

Forli, Italy
SO.F.TER. SPA is a thermoplastic compounders. SO.F.TER. offers engineering plastics, thermoplastic elastomers and thermoplastic vulcanizates for automotive, construction and sport sectors.

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Buyer(S) 1

Buyer

Celanese

Irving, Texas, United States

Category Company
Founded 1918
Sector Chemicals
Employees12,163
Revenue 10.3B USD (2024)
DESCRIPTION
Entrance to Celanese's corporate headquarters in Irving, Texas.
Entrance to Celanese's corporate headquarters in Irving, Texas.

Celanese is a 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 formed in 1918 and is based in Irving, Texas.


DEAL STATS #
Overall 9 of 17
Sector: Plastics M&A 3 of 6
Type: Add-on Acquisition M&A Deals 7 of 8
Country: Italy M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 SOFTER

Forli, Italy

SO.F.TER. SpA is an independent compounders worldwide. The product range, among the widest in the industry, extends from thermoplastic elastomers to engineering plastics. Thanks to its technological know-how applied to a wide range of materials, SOFTER can offer its clientele innovative and customized solutions with a strong specialization in the automotive, household appliance, electric/electronic, construction and sports footwear sectors.

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FOLLOWING 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.

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