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Omni Plastics and its subsidiaries will be acquired by Celanese.
Omni Plastics and its subsidiaries will be acquired by Celanese.

Celanese Corporation has signed a definitive agreement to acquire Omni Plastics and its subsidiaries, including the distributor Resinal de Mexico.

Headquartered in Evansvillie, the US, Omni Plastics specializes in custom compounding of various engineered thermoplastic materials.

"Engineered thermoplastics continues to be a material of choice in automotive, electrical and electronics, consumer goods and industrial markets and Omni Plastics strengthens Celanese's presence in these strategic areas as well as brings expanded presence in office furniture, filtration, lawn/garden, and other specialty materials applications," said Scott Sutton, Chief Operating Officer, Celanese. "This acquisition further strengthens our global asset base by adding compounding capacity in the Americas to enable Celanese to continue to support a growing and diverse customer base."

Celanese expects to integrate the Omni Plastics thermoplastic compounding product portfolio and production capabilities into the Celanese engineered materials business to include the following product brands:

- OmniLon polyamide formulations for automotive, heavy truck, air movement, appliance, office furniture, and lawn & garden applications.

- OmniPro polypropylene formulations for pump housings, wheels, handles, mounting brackets, levers, pressure vessels, and office furniture component applications.

- OmniCarb polycarbonate formulations for automotive and electronic applications.

- OmniTech non-standard, custom-developed products including polybutylene terephthalate and acrylonitrile butadiene styrene formulations for applications with unique functional requirements, including flame retardant, conductive, wear-andfriction, and improved optical clarity.

Celanese expects to complete the transaction early in the first quarter of 2018, pending customary closing conditions and regulatory approvals. Financial details of the transaction are not being disclosed at this time.

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