03 January 2012 19:05 [Source: ICIS news]
HOUSTON (ICIS)--Celanese has completed its acquisition of certain emulsion product lines from ?xml:namespace>
The deal involved
Phillip McDivitt, general manager of Celanese's emulsion polymers business, said the acquisition would accelerate Celanese’s growth of emulsion polymers in the
“As we begin integrating these businesses into our product portfolio, we look forward to servicing our new customers and working with them to ensure a smooth transition,” McDivitt added.
Financial terms were not disclosed.
Ashland also recently agreed to sell its aviation and refrigerant lubricants business to US-based Monument Chemical.
Ashland's divestments follow its recent acquisition of International Specialty Products (ISP), a move that will allow the company to tap into growing markets for food and beverages, personal care products and pharmaceuticals.
For more on
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