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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