Celanese Corporation (Dallas, Tex.; www.celanese.com) announced the signing of a definitive agreement for Celanese to acquire Omni Plastics and its subsidiaries, including the distributor Resinal de Mexico.
Omni Plastics is headquartered and has a compounding facility in Evansville, Indiana, with additional offices in Mexico City. Omni Plastics specializes in custom compounding of various engineered thermoplastic materials.
“Engineered thermoplastics continues to be a material of choice in automotive, electrical and electronics, consumer goods and industrial markets and Omni Plastics strengthens Celanese’s presence in these strategic areas as well as brings expanded presence in office furniture, filtration, lawn/garden, and other specialty materials applications,” said Scott Sutton, Chief Operating Officer, Celanese. “This acquisition further strengthens our global asset base by adding compounding capacity in the Americas to enable Celanese to continue to support a growing and diverse customer base.”
Celanese expects to integrate the Omni Plastics thermoplastic compounding product portfolio production capabilities into the Celanese engineered materials business to include the following product brands: OmniLon polyamide formulations; OmniPro polypropylene formulations; OmniCarb polycarbonate formulations; and OmniTech non-standard, custom-developed products including polybutylene terephthalate and acrylonitrile butadiene styrene formulations.
Several product grades are UL-listed, FDA-compliant, NSF-compliant and made with post-industrial material, as well as qualified with automotive, E&E, and other original equipment manufacturers.
Celanese expects to complete the transaction early in the first quarter of 2018, pending customary closing conditions and regulatory approvals. Financial details of the transaction are not being disclosed at this time. Until closing, Celanese and Omni Plastics will continue to operate as independent businesses.