USA: Business Takeover Celanese Completes Acquisition of Nouryon’s Redispersible Polymer Powders Business
Celanese has completed the acquisition of the Elotex brand, Nouryon’s redispersible polymer powders business and will now take charge of the firm’s global facilities that are involved in the production of this brand. Celanese will also integrate the Elotex product portfolio and production facilities into its global vinyl acetate ethylene emulsions business.
Dallas/USA – Celanese Corporation has recently announced that 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 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.