# Jinan Acetate Chemical to acquire Cerdia from Blackstone for $368 million

Jinan Acetate Chemical will acquire a 100% stake in Cerdia Holding from a Blackstone-managed fund for about $368 million, combining cash and stock. The deal extends Jinan's footprint from China to a global network.

- Type: Acquisition
- Announced: 2026-09-21
- Value: $368.0M
- Status: announced
- Products: cellulose acetate tow, textile materials, EV battery raw materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (partner)
- [Jinan Acetate Chemical](https://endata.com/companies/94238.md) (acquirer)
- [Cerdia Holding](https://endata.com/companies/94239.md) (target)

## Sources

- [dealroom.co](https://dealroom.co/news/155166-jinan-acetate-to-buy-cerdia-from-blackstone-for-368m/), 2026-09-21: "The deal brings together two companies with highly complementary strengths, positioning the group closer to customers in key markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.