# Celanese completes sale of Polyplastics stake to Daicel

Celanese Corporation completed the sale of its 45% equity investment in the Polyplastics joint venture to Daicel Corporation for $1.575 billion in an all-cash transaction.

- Type: Acquisition
- Announced: 2020-10-08
- Where: United States
- Value: $1.57B
- Status: completed
- Products: engineering thermoplastics
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Celanese](https://endata.com/companies/10711.md)
- [Polyplastics Co.](https://endata.com/companies/23089.md) (target)
- [Daicel Corp.](https://endata.com/companies/23091.md) (acquirer)

## Sources

- [celanese.com](https://www.celanese.com/news-and-media/2020/october/sale-of-polyplastics-unlocking-shareholder-value-through-monetization-of-equity-investment), 2020-10-08: "Celanese is well-positioned to continue its growth trajectory as we increase investment in new product development to serve customer demand in growth segments and key geographies."

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