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Celanese To Acquire Majority Of Dupont’S Mobility & Materials Business

PUBLIC · CEFeb 18, 2022

Acquiring Company

Celanese

Acquired Company

DuPont

IrvingWilmingtonManufacturingManufacturing

Description

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced the signing of a definitive agreement to acquire a majority1 of the Mobility & Materials (“M&M”) business of DuPont for $11.0 billion in cash. Celanese will acquire a broad portfolio of engineered thermoplastics and elastomers, industry-renowned brands and intellectual property, global production assets, and a world-class organization.

Quick answer

Celanese is acquiring DuPont, announced February 18, 2022. Celanese is based in Irving, Texas, United States.

How much did Celanese pay for DuPont?
The deal value was not disclosed.
What does Celanese do?
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications.
Where are Celanese and DuPont based?
Celanese is based in Irving, Texas, United States. DuPont is based in Wilmington, Delaware, United States.
Who are the decision-makers at Celanese?
Fundz holds 1 contact at Celanese. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Celanese

Location

Irving, Texas, United States

About

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 8,500 employees worldwide and had 2021 net sales of $8.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.

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Frequently asked

Who acquired DuPont?

DuPont was acquired by Celanese, based in Irving. The deal was reported on February 18, 2022. Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Celanese is publicly traded (CE) and operates in Manufacturing.

When did Celanese acquire DuPont?

Celanese's acquisition of DuPont was reported on February 18, 2022. Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced the signing of a definitive agreement to acquire a majority1 of the Mobility & Materials (“M&M”) business of DuPont for $11.0 billion in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does DuPont do?

It's a time of incredible progress at DuPont - a time of momentum. It's the time for change makers, for the doers and pioneers, to create essential innovations the world needs. It is publicly traded (DD), operating in Manufacturing, and is based in Wilmington.

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