Celanese Corporation (NYSE: CE) Successfully Acquires Nouryon’s Elotex Redispersible Polymer Powders Business
2 April 2020 – Celanese Corporation (NYSE: CE) acquired Nouryon’s redispersible polymer powders (RPP) business offered under the Elotex brand (Elotex business). As part of the transaction, Celanese acquired all respective production facilities across Europe and Asia, all products under the Elotex portfolio, as well as all customer agreements, technology and commercial facilities globally. By acquiring Elotex, Celanese will have direct access to fast-growing applications and a customer base that is complementary to Celanese’s emulsions business.
Walder Wyss acted as Swiss counsel to Celanese in this transaction. The team was led by Alex Nikitine (Partner, Corporate/M&A) and included Dimitrios Berger (Associate, Corporate/M&A), Ueli Sommer (Partner, Employment), Janine Corti (Counsel, Tax), André Kuhn (Managing Associate, Notary) and Andrea Futter (Trainee Lawyer, Corporate/M&A).