Celanese Takes Step to Grow Emulsion Polymers Unit
January 4, 2012
Celanese Corporation (NYSE:CE), a global technology and specialty materials company and a global leader in emulsion polymers, has completed the acquisition of certain assets from Ashland Inc., including two product lines, Vinac and Flexbond, which will support the strategic growth of the Celanese Emulsion Polymers business. Terms were not disclosed. Celanese announced its agreement to acquire the assets in November 2011.
"This acquisition will accelerate the growth of the Emulsion Polymers business in the Americas region," said Phillip McDivitt, general manager, Celanese Emulsion Polymers. "As we begin integrating these businesses into our product portfolio, we look forward to servicing our new customers and working with them to ensure a smooth transition."
Source: Celanese Corp
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