Celanese Corp. (Irving, Tex.; www.celanese.com) has announced the acquisition of substantially all of the assets of Cool Polymers, Inc., based in North Kingstown, R.I. The acquisition will accelerate Celanese’s growth in the conductive polymers market by building on Cool Polymers’ strong product portfolio and technical capabilities. Financial details of the transaction were not disclosed. Cool Polymers is a leading compounder of conductive polymers. The company’s technical capabilities in the LED (light-emitting diode) market will allow for immediate customer growth while continuing to advance Celanese’s engineered materials business across thermal management and electrical conductivity polymer applications.
“Cool Polymers has a strong technology position, advanced polymer formulation and compounding capabilities, and a product portfolio that can meet the global demand for innovative conductive polymer materials,” said Phil McDivitt, vice president and general manager of the engineered materials business of Celanese. “We see substantial opportunity to create customer value with the acquisition of Cool Polymers.”
In acquiring the Cool Polymers business, Celanese will also add to its engineered materials portfolio the products of Cool Polymers, including: Cool Poly E-Series (thermally conductive polymers that combine thermal conductivity and electrical conductivity in standard pellet form); CoolPoly D-Series (thermally conductive polymers that combine thermal conductivity and electrical isolation in standard pellet form); and CoolPoly Elastomers (thermally conductive elastomers for both electrically conductive (E-Series) and electrically insulative (D-Series) grades).
“Cool Polymers brings formulation, prototyping, molding and testing capabilities that will complement Celanese’s expertise in polymer chemistry, compounding operations and part design,” concluded McDivitt.