Japanese conglomerate Mitsui & Co. is set to acquire a 70% stake in Nutrinova Netherlands B.V., a subsidiary of American chemical company Celanese Corporation that manufactures and sells functional food ingredients. The share purchase, valued at approximately $472.5 million (around ¥66.0 billion), will see Nutrinova Netherlands becoming Mitsui’s equity method affiliate. The acquisition, subject to […]
ExxonMobil Chemical Company has agreed to sell its global Santoprene TPV elastomers business to Celanese Corporation, a Texas-based chemicals and specialty materials company, for $1.15 billion. The Santoprene business produces TPV, which caters to a range of end-uses that include automotive, appliance, medical, construction, and industrial. A chemically cross-linked, high-performance material, TPV makes use of […]
