Celanese acquisition of Clariant emulsion and powders business to take effect January 1, 2003

02-Jan-2003

Celanese AG today announced that it has completed the acquisition of Clariant AG's European emulsions and global emulsion powders business and will assume control of the business as of January 1, 2003. European Union authorities approved the transaction on December 16. Celanese announced in September its intent to purchase this business for EUR 147 million.

The acquisition builds on Celanese' strong position in the acetyls chemical chain and will be part of the company's Acetyl Products segment. The new business will enable Celanese to offer a comprehensive range of value-added emulsions and emulsion powders that serve as primary ingredients in quality surface coatings, adhesives, non-woven textiles and other applications.

Employing approximately 700 people, the emulsions and emulsion powders business has four production facilities servicing the unique product requirements of customers across Europe. There are also 11 sales offices and seven research and technology centers, all strategically located to provide rapid response to customers. Two of the production facilities are located in Germany and Spain, in close proximity to Celanese plants that supply chemical ingredients for emulsions.

Herve Bellego, the former Head of Clariant's BU Emulsions, will head the emulsions business, which will operate under the name of Celanese Emulsions. Bellego will report to Lyndon Cole, president, Celanese Chemicals. The business will be consolidated in the acetyls segment. A process is underway to integrate the business into Celanese' organization and systems.

https://www.chemeurope.com/en/news/17650/celanese-acquisition-of-clariant-emulsion-and-powders-business-to-take-effect-january-1-2003.html