Celanese Completes Acquisition of ExxonMobil's Santoprene TPV Elastomers Business
December 1, 2021
Celanese Corporation completed the acquisition of Exxon Mobil Corporation’s Santoprene TPV elastomers business for $1.15 billion on a cash-free, debt-free basis. The deal transfers the Santoprene (and related) trademarks/portfolios, customer and supplier contracts, two TPV production facilities in the U.S. and U.K., and associated TPV intellectual property and R&D assets.
- Buyers
- Celanese Corporation
- Targets
- Santoprene TPV elastomers business (Exxon Mobil Corporation)
- Sellers
- Exxon Mobil Corporation
- Industry
- Manufacturing
- Location
- United States
- Transaction Type
- Buyout
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