MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company and a global leader in vinyl acetate ethylene (EVA) emulsions, has announced the acquisition of substantially all of the assets of Cool Polymers, Inc., based in North Kingstown, R.I., reported the company on its site.
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 is a leading compounder of conductive polymers. The company's technical capabilities in the LED (light-emitting diode) market will allow for immediate customer growth while continuing to advance Celanese's engineered materials business across thermal management and electrical conductivity polymer applications.
"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," said Phil McDivitt, vice president and general manager of the engineered materials business of Celanese. "We see substantial opportunity to create customer value with the acquisition of Cool Polymers."
In acquiring the Cool Polymers business, Celanese will also add to its engineered materials portfolio the products of Cool Polymers, including:
- CoolPoly E-Series: thermally conductive polymers that combine thermal conductivity and electrical conductivity in standard pellet form;
- CoolPoly D-Series: thermally conductive polymers that combine thermal conductivity and electrical isolation in standard pellet form;
- CoolPoly Elastomers: thermally conductive elastomers for both electrically conductive (E-Series) and electrically insulative (D-Series) grades.
As MRC informed previously, in April 2014, Celanese Corporation announced that it had developed new emulsion products for architectural paints. The company had also expanded its product portfolio for the coatings and adhesives industries, including Celansese's solvents, vinyl acetate monomer, EVA polymers and emulsions.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Texas, Celanese employs approximately 7,400 employees worldwide and had 2013 net sales of USD6.5 billion.
MRC