Celanese Corp. (NYSE: CE), a global chemical and specialty materials company, has completed its acquisition of Santoprene TPV elastomers business of Exxon Mobil Corp.
The acquisition was previously announced in June 2021 for a price of $1.15 billion and includes Santoprene, Dytron and Geolast trademarks and product portfolios, customer and supplier contracts, two production facilities, TPV IP, and 320 skilled employees.
“We are excited to welcome the Santoprene team to Celanese,” said Lori Ryerkerk, chairman and chief executive officer. “They have built an industry-renowned brand and product portfolio in the Santoprene™ business that will immediately strengthen the unrivaled portfolio of engineered solutions we bring to our customers.”