Acquiring Company
Mutares SE & KGaA
Acquired Company
SABIC's Engineering Thermoplastics
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?
SABIC's Engineering Thermoplastics was acquired by Mutares SE & KGaA, based in Munich. The deal was reported on May 13, 2026. Mutares SE & Co. KGaA is a private equity firm specializing in acquisitions and turnarounds. Mutares SE & KGaA is privately held and operates in Angel Investment.
When did Mutares SE & KGaA acquire SABIC's Engineering Thermoplastics?
Mutares SE & KGaA's acquisition of SABIC's Engineering Thermoplastics 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 do?
SABIC's Engineering Thermoplastics business produces high-performance thermoplastic compounds. It operates under the name NexPoint Materials and generates significant annual revenue. The division employs approximately 2,800 people across multiple sites. It is privately held, operating in Manufacturing, and is based in Riyadh.
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