Canadian Plastics

Celanese to buy majority of DuPont’s Mobility & Materials business

The $11-billion deal will give Celanese a broad portfolio of engineered thermoplastics and elastomers, brands and intellectual property, and global production assets.

February 22, 2022   Canadian Plastics

Chemical and specialty material supplier Celanese Corp. is acquiring a majority of DuPont Co.’s Mobility & Materials (M&M) segment, including the engineering polymers business line and select product lines within the performance resins and advanced solutions business lines for US$11 billion in cash.

Combined, these businesses represented approximately US$3.5 billion of net sales and $0.8 billion in operating EBITDA in 2021.

The transaction is expected to close around the end of 2022.

The engineering thermoplastics and elastomers in DuPont’s M&M business are designed for automotive, electrical and electronics, consumer goods, and industrial applications. The acquired M&M product portfolio includes nylons (PA 66, PA 6), specialty nylons (HPPA, LCPA, filaments), polyesters (PET and PBT), and elastomers (TPC and EAE).

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The deal also includes 29 DuPont global manufacturing facilities; customer and supplier contracts and agreements; an intellectual property portfolio that includes approximately 850 patents with associated technical and R&D assets; and approximately 5,000 workers in manufacturing, technical and commercial roles.

“The acquisition of the M&M business is an important strategic step forward and establishes Celanese as the preeminent global specialty materials company,” Celanese chairman and CEO Lori Ryerkerk said in a Feb. 18 statement.

Dallas-based Celanese is already a major supplier of PPS, UHMWPE, and LCP, and it also has existing positions in polyamide, PPA, PCT, TPV, and polypropylene compounds.

In a separate Feb. 18 news release, DuPont officials said the move reflects the company’s transformation into a primarily electronic materials player, with the proceeds to fund the previously announced acquisition of Rogers Corp. and further M&A opportunities in addition to continuing share repurchases.

The news release also said that DuPont is separately advancing the process to divest its Delrin acetal homopolymer business.


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