Celanese Corporation acquires Cool Polymers assets in North Kingstown, Rhode Island, US

Celanese acquires assets of Cool Polymers

11:16 AM, 21st October 2014
Celanese Corporation acquires Cool Polymers assets in North Kingstown, Rhode Island, US

DALLAS, US: Celanese Corporation, a global technology and specialty materials company, announced the acquisition of substantially all of the assets of Cool Polymers, Inc, based in North Kingstown, Rhode Island, US. The acquisition will accelerate Celanese’s growth in the conductive polymers market by building on Cool Polymers’ strong product portfolio and technical capabilities. Financial details of the transaction were not disclosed.

“Cool Polymers has a strong technology position, advanced polymer formulation and compounding capabilities, and a product portfolio that can meet the global demand for innovative conductive polymer materials. We see substantial opportunity to create customer value with the acquisition of Cool Polymers,” said Phil McDivitt, Vice President and General Manager, Engineered Materials Business, Celanese.

 

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