Dow Chemicals have reached an agreement to purchase the acrylics business of Celanese. Terms of the agreement were not disclosed and the transaction awaits regulatory approvals.
The purchase involves the entire Celanese acrylics product line which includes intellectual property, inventory and technology for crude acrylic acid, glacial acrylic acid, ethyl acrylate, butyl acrylate, methyl acrylate and 2-ethylhexyl acrylate. The production facility at Clear Lake, Texas, USA is also part of the agreement.
As part of the purchase agreement, Celanese will provide contract manufacturing services to Dow. Meanwhile, Dow will provide acrylics to Celanese for use in emulsion production.
Acrylic acid is used to produce acrylic esters which are used in applications such as superabsorbent polymers used in disposable nappies and other personal healthcare products and acrylic latex emulsions used in surface coatings, paints, textiles and adhesives.
The purchase also broadens Dow’s range of acrylic-based products and improves their cost competitiveness for some of their products based on acrylic esters.
For more information on acrylics, click here.