Dow to acquire Celanese acrylics
15 Sep 2003
The Dow Chemical Company is to purchase the acrylics business of Celanese for an undisclosed amount.
Dow will acquire Celanese's acrylics business product line, including intellectual property, inventory and technology for crude acrylic acid, glacial acrylic acid, ethyl acrylate, butyl acrylate, methyl acrylate and 2-ethylhexyl acrylate, as well as acrylics production assets at the Celanese Clear Lake, TX facility.
Acrylic acid is used to produce acrylic esters and superabsorbent polymers. Major end uses for acrylic esters include acrylic latex emulsions that are used in surface coatings, paints, textiles, and adhesives. Superabsorbent polymers are used primarily in disposable diapers and other absorbent personal care products.
In addition to the acquisition, Celanese will provide certain contract manufacturing services to Dow, and Dow will supply acrylics to Celanese for use in its emulsions production.
The transaction remains subject to customary closing conditions, including regulatory approvals.
