Celanese completes €1bn acquisition of ExxonMobil elastomers business 

Dallas, Texas – Celanese Corp. has completed the acquisition of the Santoprene thermoplastic vulcanisates (TPV) business from ExxonMobil Corp. for $1.15 billion (€970 million). 

The acquisition will “immediately strengthen” Celanese’s engineered solutions and broaden its range of engineered materials,“ said Lori Ryerkerk, Celanese chairman and CEO. 

In particular, Santoprene will bring a wider range of functionalised solutions into targeted growth areas such as future mobility, medical, and sustainability, added in a 1 Dec statement. 

The acquisition covers the full elastomer product portfolio, including Santoprene, Dytron, and Geolast trademarks, along with intellectual property and production & commercial assets.

The 320-employee business operates two production facilities – in Pensacola, Florida, and Newport, Wales, UK – with over 190 kilotonnes per annum of total annual production capacity.