ExxonMobil Chemical Company Acquires Materia, Inc.

December 7, 2021

ExxonMobil Chemical Company has acquired Materia, Inc., a Pasadena-based developer of high-performance structural polymers and Nobel Prize‑winning ROMP catalyst technology. The acquisition gives ExxonMobil ownership of Materia’s IP, R&D center in Pasadena and manufacturing facility in Huntsville, Texas, enabling commercial-scale production of Materia’s Proxima polymers for markets including wind energy, electric vehicles and sustainable construction.

Buyers
ExxonMobil Chemical Company (ExxonMobil Corporation)
Targets
Materia, Inc.
Sellers
Materia shareholders (including Michael M. Kellen and Andrew S. Gundlach of Bleichroeder LLC; the Dr. Alfred J. Bader and Joseph Bernstein families)
Industry
Manufacturing
Location
California, United States
Transaction Type
Buyout

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