POM Manufacturing Celanese Acquires Polyacetal Technology

Editor: Ahlam Rais

Celanese has acquired a polyacetal (POM) technology from Grupa Azoty after the Polish company decided to discontinue its POM manufacturing. The global firm will also take over all the existing contracts of the company in order to cater to Grupa Azoty’s customers.

Related Vendors

The transaction is expected to close in early July 2021.
The transaction is expected to close in early July 2021.
(Source: Pixabay)

Dallas/USA – Celanese Corporation, a global chemical and specialty materials company, has recently announced that it has acquired a certain technology relating to the production of polyacetal (POM) products from Grupa Azoty of Tarnow, Poland, after its decision to discontinue its POM manufacturing.

Celanese will take over all existing Tarnoform contracts in order to serve Azoty’s customers. However, with the exception of certain equipment transferred in connection with the intellectual property transfer, this transaction does not include any of Azoty’s employees, tangible assets, manufacturing facilities or sales offices.

This transaction will enable Celanese to serve Azoty’s customers with Celanese assets, thereby allowing for an incremental volume opportunity for Celanese as well as access to a POM customer base and a proven POM technology in Tarnoform.

Tom Kelly, Senior Vice President, Engineered Materials, Celanese

Our Engineered Materials business is a critical growth engine for Celanese, and we continue to take the strategic steps needed, such as this customer and product acquisition, to fuel the ongoing success of the business,” concluded Kelly.

The transaction is expected to close in early July 2021.

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Unfold for details of your consent