Celanese to acquire custom compounder Omni Plastics
On 18 December 2017, Celanese Corporation announced that it has signed a definitive agreement to acquire Omni Plastics and its subsidiaries, including the distributor Resinal de Mexico.
Omni Plastics specialises in custom compounding of various engineered thermoplastic materials. The company is headquartered and has a compounding facility in Evansville, IN, USA, with additional offices in Mexico City, Mexico.
“Engineered thermoplastics continues to be a material of choice in automotive, electrical and electronics, consumer goods and industrial markets and Omni Plastics strengthens Celanese’s presence in these strategic areas as well as brings expanded presence in office furniture, filtration, lawn/garden, and other speciality materials applications,” said Scott Sutton, Chief Operating Officer, Celanese. “This acquisition further strengthens our global asset base by adding compounding capacity in the Americas to enable Celanese to continue to support a growing and diverse customer base.”
Celanese said it will integrate the Omni Plastics thermoplastic compounding product portfolio and production capabilities into its engineered materials business, including the following brands:
- OmniLon polyamide formulations for automotive, heavy truck, air movement, appliance, office furniture, and lawn & garden applications.
- OmniPro polypropylene formulations for pump housings, wheels, handles, mounting brackets, levers, pressure vessels, and office furniture component applications.
- OmniCarb polycarbonate formulations for automotive and electronic applications.
- OmniTech non-standard, custom-developed products including polybutylene terephthalate and acrylonitrile butadiene styrene formulations for applications with unique functional requirements, including flame retardant, conductive, wear-and-friction, and improved optical clarity.
According to Celanese, several product grades are UL-listed, FDA-compliant, NSF-compliant and made with post-industrial material, as well as qualified with automotive, E&E, and other original equipment manufacturers. Celanese expects to complete the transaction early in the first quarter of 2018, pending customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed. Until closing, Celanese and Omni Plastics will continue to operate as independent businesses.