17 October 2016
DETAILS
Celanese Corporation (NYSE: CE)
today announced it has signed a definitive agreement
to acquire the Forli, Italy based
one of the world’s largest
independent thermoplastic compounders.
Celanese will acquire SO.F.TER. Group’s
comprehensive product portfolio of
* engineering thermoplastics (ETPs),
* thermoplastic elastomers (TPEs), as well as all
customer agreements and
all manufacturing, technology
and commercial facilities.
The acquisition will nearly double
the number of Celanese global
engineered materials product platforms
and further extend
Celanese’s world class leadership model,
solutions capability and project pipeline.
Additionally, SO.F.TER. Group’s
sophisticated and modern manufacturing facilities
and product portfolio will provide
a vehicle for
additional growth, investment and synergies.
Scott Sutton,
Celanese executive vice president and
president of Materials Solutions
“This is the next step in the evolution of Celanese
to extend our global leadership position
in the engineered materials market,”
“SO.F.TER. Group is a leader
in the design, development and production of
ETPs and TPEs
with a fast and flexible customer-oriented business model
that will integrate well within
the Materials Solutions core of Celanese.
This acquisition continues Celanese’s focus on
bringing technical expertise, production
and compounding capabilities closerto
our valued customers by extending our footprint
with industry leading products and capabilities
in Italy, Mexico, Brazil and the United States.”
Italo Carfagnini,
chairman of the board of directors,
SO.F.TER. Group
“Joining Celanese is a natural continuation of
the SO.F.TER. Group success story of growth,
customer innovation and application expertise,”
“From our beginnings in Italy in 1980
to being a key part of
the Celanese engineered materials business,
we will continue to drive innovative and
highly specialized solutions for customers.
We look forward to the future with Celanese,
not only for our customers but also
for our dedicated and talented employees.”
Contact Celanese
Investor Relations
Chuck Kyrish
+1 972 443 4574
chuck.kyrish@celanese.com
Media Relations – Global
W. Travis Jacobsen
+1 972 443 3750
william.jacobsen@celanese.com
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