1 February 2017
Nilit Plastics makes compounds based on
polyamide 6 and 6,6 (PA6 / PA66)
as well as
different types of partially aromatic polyamides,
including polyphthalamide (PPA).
The division is dedicated to
high quality specialties and
has developed more than 3,000 different formulations
in the last 40 years.
Many of these compounds have been certified
by independent authorities and
more than 85 compounds are
UL and VDE listed for flammability
and electrical performances.
Nilit Plastics has compounding production facilities
in Europe and China.
DETAILS
Celanese Corporation (NYSE: CE), and
Nilit, a major independent producer
of high performance nylon polymers, fibers
and compounds,
today announced they have signed
a definitive agreement for
Celanese to acquire Nilit Plastics,
the nylon compounding division of Nilit.
Celanese will acquire
Nilit Plastics’ nylon compounding product portfolio
as well as customer agreements and manufacturing,
technology and commercial facilities.
Nilit will retain ownership of the nylon fibers and
nylon polymerization businesses worldwide,
including facilities in Israel, the United States,
China, and Brazil.
Financial details of the transaction
are not being disclosed at this time.
Celanese expects to integrate
Nilit Plastics’ nylon compounding product portfolio
(http://www.nilit.com/plastics/)
and production capabilities into
the Celanese engineered materials business.
Scott Sutton,
Celanese executive vice president and president
of Materials Solutions
“Nylon compounds continue to be a material of choice
in automotive, E&E, consumer
and industrial applications, and
this acquisition delivers on
Celanese’s intention to complement its broad portfolio
by becoming a leading, global nylon compound supplier,”
“Celanese will extend its global leadership position
in the engineered materials business
with the acquisition of Nilit Plastics
as nylon continues to be adopted in growth industries
where Celanese is already focusing
* significant product,
* solution and
* customer-focused development activities.”
Contact Celanese
Media Relations – Global
W. Travis Jacobsen
+1 972 443 3750
william.jacobsen@celanese.com
Media Relations Asia (Shanghai)
Helen Zhang
+86 21 3861 9279
lan.zhang@celanese.com
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