Celanese, which announced the signing of a definitive agreement: Celanese acquired OmniPlastics and its subsidiaries, including its distributor Resinalde Mexico.
Located in Evansville, Indiana, USA, with headquarters in Mexico City, Omni Plastics is a company that specializes in the custom compounding of various engineering thermoplastics.
Celanese will acquire Omni Plastics, a thermoformable custom compounding company
'Engineering thermoplastics continue to be the material of choice for automotive, electrical and electronics, consumer goods and industrial markets and Celanese will continue to enhance its presence in these strategic areas through the acquisition of OmniPlastics while also expanding its presence in office furniture, filtration, lawns / Gardens, and other specialty materials, "said Celanese chief operating officer Scott Sutton." The acquisition further strengthens our global asset base: increasing the Americas' blending capabilities to enable Celanese to continue Support for a growing diversified customer base. '
Celanese plans to integrate Omni Plastics' mixed product portfolio (http://omniplastics.com/high-performance-products/) and its manufacturing capabilities into Celanese's engineering plastics business covering the following product brands:
OmniLon ™ Nylon Products: Used in cars, heavy goods vehicles, air transport, appliances, office furniture, and lawn and garden equipment.
OmniPro ™ Polypropylene Products: For pumping stations, wheels, handles, brackets, levers, pressure vessels, and office furniture components.
OmniCarb ™ polycarbonate products: for automotive and electronic applications.
OmniTech ™ non-standard custom developed products include polybutylene terephthalate and ABS resins: Applications for unique functional requirements including flame retardance, electrical conductivity, abrasion resistance, and better optical clarity.
Many product grades are UL listed, meet FDA / NSF standards and are manufactured from plastic waste and are certified by manufacturers of automotive, electrical, and other original equipment.
Depending on the usual delivery conditions and government approvals, Celanese expects to complete the transaction by the first quarter of 2018. The financial details of the transaction are not yet disclosed and Celanese and Omni Plastics will continue to do business independently .