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Celanese to Complete Acquisition of Elotex®

Redispersible polymer powders product line to help drive growth of VAE emulsions business as part of Celanese acetyls derivatization strategy

 

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 facilities in these locations:

  • Frankfurt, Germany*
  • Geleen, Netherlands*
  • Moosleerau, Switzerland
  • Shanghai, China

(*Elotex® manufacturing facilities in Frankfurt and Geleen are co-located and operationally integrated with Celanese emulsions assets at these locations. Elotex® R&D and Technical Services functions are located in Sempach, Switzerland.)

Elotex® is one of the world’s leading manufacturers of redispersible polymer powders for growing applications including:

  • 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
  • cement tile adhesives and grouts for floor and wall tiles, mosaic and flat natural stone on dimensionally stable sub floors
  • gypsum plaster and joint fillers, polymer binding systems, and cement and time-based renders

Celanese announced its intent to acquire Elotex® on January 30. Financial details of the acquisition will be reported as part of the company’s regular quarterly financial disclosure.

Source: Celanese 

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