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Celanese acquires DuPont's premium materials business

 Last Update: 2022-04-24
 Source: Internet
 Author: User

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Celanese announced that it has acquired most of DuPont's transportation and materials business for $11 billion
.

The transaction does not include DuPont's polyacetal business, which will be sold separately by DuPont
.

The acquired DuPont Engineering Plastics and Elastomers business will achieve sales of $3.

Celanese said that DuPont is a leader in the fields of specialty plastics, specialty nylons, thermoplastic polyesters and elastomers, and will achieve a strong alliance with Celanese's existing engineering materials business
.

Celanese Engineering Plastics, with net sales of $2.

DuPont said it plans to sell its polyacetal business to another buyer, with the goal of completing the sale in the first quarter of 2023
.

DuPont intends to use the proceeds to fund the previously announced $5.

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