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Polyplastics to increase stake in Topas Advanced Polymers to 51% · Endata

◂ Announcements

Specialty Chemicalsworld trade 2024+2.3% 5Y CAGR

Plastics and Polymersworld trade 2024+3.9% 5Y CAGR

Mar 27, 2017ACQUISITIONGermany

Polyplastics to increase stake in Topas Advanced Polymers to 51%

Polyplastics Co. has decided to increase its equity stake in Topas Advanced Polymers GmbH (TAP) from 45% to 51%, making TAP a subsidiary. The transaction is subject to competition authority clearance and is expected to become effective on April 1, 2017.

Status

Announced

Productscyclic olefin copolymer (COC)

CompaniesPolyplastics Co. acquirer Topas Advanced Polymers GmbH target Daicel Corp. partner

Sectors#Specialty Chemicals #Plastics and Polymers

“Polyplastics Co. has decided to increase its equity stake in Topas Advanced Polymers GmbH (TAP) to 51% from 45% currently.”apic-online.org

2 sources
apic-online.orgAPIC-OnlineMar 27, 2017
polimerica.itTopas passa sotto il controllo di PolyplasticsCarlo LatorreApr 11, 2017

Summarized from public sources; check the original articles before acting on it.

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Celanese Polyplastics Co. target jjchem.net
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Daicel Corporation completes acquisition of remaining 45% stake in Polyplastics
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Celanese completes sale of Polyplastics stake to Daicel
Celanese Polyplastics Co. target celanese.com
Sep 17, 2020NEW FACILITYLeuna, Germany, Germanyops Q3 2023
Polyplastics to build COC plant in Leuna, Germany
Polyplastics Co.Topas Advanced Polymers GmbH chemanager-online.com doi.org chemicalprocessing.com
Jul 19, 2020ACQUISITIONJapan$1.57B
Celanese sells Polyplastics stake to Daicel for $1.575 billion
Celanese Celanese partner celanese.com jp.investing.com plasticstoday.com

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