Celanese Acquires Cool Polymers
Celanese Corp. recently announced the acquisition of substantially all of the assets of Cool Polymers Inc., based in North Kingstown, R.I. The acquisition will reportedly accelerate Celanese’s growth in the conductive polymers market by building on Cool Polymers’ product portfolio and technical capabilities.
“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 Engineered Materials for Celanese. “We see substantial opportunity to create customer value with the acquisition of Cool Polymers.”
“We are excited to join Celanese and to benefit from their global reach in serving current and future CoolPoly® customers around the world,” said Kevin McCullough, general manager of Cool Polymers. “The combination of our thermal expertise and Celanese’s leadership in materials technology positions us to continue to bring great solutions to our customers.”