Issue 21/2016 - Celanese to acquire SO. F.TER. clique

Celanese to acquire SO.
F.
TER.
Celanese
announced that it has acquired the acquisition of Forlì, Italy-based SO.
F.
TER.
The Group signed the definitive agreement
.
The company will acquire SO.
F.
TER.
The Group's engineering thermoplastics (ETPs), thermoplastic elastomers (TPEs) and all customer contractual agreements, production facilities, technical and commercial facilities
.

The acquisition is expected to close in the fourth quarter of 2016, subject to routine termination conditions and the status of approval by the competent authorities
.
Before the deal closed, Celanese and SO.
F.
TER.
The Group will continue to operate
as an independent business.

The acquisition will nearly double the number of Celanese's global engineered materials product platforms, further enhancing Celanese's world-class leadership, solution capabilities and project opportunities
.
In addition, SO.
F.
TER.
The Group's state-of-the-art, modern production facilities and product portfolio will also bring additional growth, investment and synergies
.

Scott Sutton, Executive Vice President and President of Celanese's Materials Solutions Division, said, "This is an important step
for Celanese to further develop our global leadership in the engineered materials market.
SO.
F.
TER.
The Group is a leader in the design, development and production of ETP and TPE, with a fast, flexible, customer-oriented business model that integrates well into Celanese's
Material Solutions division.
This acquisition continues Celanese's focus on providing our valued customers with expertise in technology, product production and material modification with best-in-class products and production capabilities, as well as expanding our presence
in Italy, Mexico, Brazil and the United States.
It
is reported that Celanese will integrate SO.
F.
TER.
The Group's full range of products and capacities are integrated into its engineering materials business, involving registered brands including:
Thermoplastic Elastomer (TPE):P ibiflex, Forprene, Laprene, Sofprene, Forflex, Sofprene, Sofpur, Sofprene P, Gumfit, Holo, Forgrin ETP: Litepol, Tecnoprene
, Polifor, Talcoprene, Carboprene, Litepol B, Nylfor B, Nylfor B, Nivionplast B, Nylfor A, Nylfor R, Nylfor A, Nylfor R, Nivionplast A?, Pibifor?��, Pibiter?, Abistir?��, Retelan?��, Blendfor?��, Reblend?��, Stirofor?��, Sanfor?��, Cabofor?�� and Norfor?��