Celanese Completes Acquisition of Elotex®
Celanese Corporation Celanese Corporation (CE)
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Source: Business Wire
Redispersible polymer powders product line to help drive growth of VAE emulsions business as part of Celanese acetyls derivatization strategy DALLAS & AMSTERDAM & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced it has completed the acquisition of Nouryon’s redispersible polymer powders business offered under the Elotex® brand.With the completion of the acquisition – having cleared all necessary closing conditions, regulatory and works council requirements – Celanese takes ownership of Nouryon’s global production facilities for redispersible polymer powders across Europe and Asia, all products under the Elotex® portfolio, and all customer agreements, technology and commercial facilities globally.Celanese will integrate the Elotex® product portfolio and production facilities into its global vinyl acetate ethylene (VAE) emulsions business to further meet global product demand. Elotex® has production facilit
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