Celanese steps up with €1bn deal for ExxonMobil TPV business

摘要

US: Celanese Corp.is to acquire ExxonMobil's Santoprene thermoplastic vulcanisates(TPVs)business for $1.15 billion(€970 million),the companies announced 30 June.The 350-employee TPVs business operates two production facilities-in Pensacola,Florida,and Newport,Wales,UK-with over 190 kilotonnes of total annual production capacity.Santoprene will expand Cel-anese's elastomers portfolio in targeted growth areas,such as future-mobility-including automotive sealing(image)-medical,and sustainability,said the Dallas,Texas-based company.