# Celanese to merge acetate tow business with Blackstone

Celanese and its former private equity owner Blackstone are merging Celanese's acetate tow business. The projected sales of the combined entity exceed USD 1 billion.

- Type: Acquisition
- Announced: 2017-06-23
- Status: announced
- Products: acetate tow
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Celanese](https://endata.com/companies/10711.md)
- [Blackstone Group](https://endata.com/companies/2364.md) (partner)

## Sources

- [plasteurope.com](https://www.plasteurope.com/news/detail.asp?id=237181), 2017-06-23: "Merger of acetate tow business with Blackstone / Projected sales of over USD 1 bn"

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