Acquiring Company
Mutares
Acquired Company
SABIC's Engineering Thermoplastics (ETP) business
Munich
RiyadhAngel InvestmentManufacturingEnergyOil And GasDescription
Mutares has announced its largest acquisition to date, taking over SABIC's Engineering Thermoplastics division, which has around €2 billion in revenue. This move aims to create a new specialty chemicals segment and strengthen Mutares's presence in the Americas. The transaction is expected to close at the end of June 2026.
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Based on deal dataFrequently asked
Who acquired SABIC's Engineering Thermoplastics (ETP) business?
SABIC's Engineering Thermoplastics (ETP) business was acquired by Mutares, based in Munich. The deal was reported on May 13, 2026. Mutares is an investment company specializing in acquiring and restructuring medium-sized companies. The firm focuses on operational improvements and enhancing portfolio companies. Mutares is privately held and operates in Angel Investment.
When did Mutares acquire SABIC's Engineering Thermoplastics (ETP) business?
Mutares's acquisition of SABIC's Engineering Thermoplastics (ETP) business was reported on May 13, 2026. Mutares has announced its largest acquisition to date, taking over SABIC's Engineering Thermoplastics division, which has around €2 billion in revenue. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does SABIC's Engineering Thermoplastics (ETP) business do?
The ETP business is a part of SABIC, a global leader in diversified chemicals and materials. It offers a range of engineering thermoplastics used in various applications across industries. It is privately held, operating in Manufacturing, and is based in Riyadh.