Celanese Completes Clariant Emulsions Purchase
KRONBERG, Germany — Celanese AG completed the acquisition of Clariant AG’s European emulsions and global emulsion powders business. The value of the transaction was valued at 147 million euros when announced in September 2002. The acquired business will become part of Celanese’s Acetyl Products segment and includes products for coatings, adhesives, textiles and other markets. The acquired business will operate under the name Celanese Emulsions and will be under the direction of Herve Bellego, the former head of Clariant’s BU Emulsions.