Celanese to Buy DuPont’s Materials Arm for $11 Billion
- Transaction marks Celanese’s biggest-ever acquisition
- Unit had also attracted strong private equity interest
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Celanese Corp. agreed to buy the majority of DuPont de Nemours Inc.’s mobility and materials arm for $11 billion in cash, the company’s biggest-ever acquisition.
The deal not only broadens Celanese’s production of specialty chemicals and boosts its earnings, it also advances DuPont’s ongoing efforts to re-focus its business through a string of divestitures.