# Celanese acquires POM technology and sales agreements from Grupa Azoty

Celanese Corporation acquired certain technology for polyacetal (POM) production and existing Tarnoform sales agreements from Grupa Azoty S.A. The transaction does not include employees, tangible assets, or manufacturing facilities. It is expected to close in early July 2021.

- Type: Acquisition
- Announced: 2021-06-22
- Where: Poland
- Value: $1.15B
- Status: announced
- Products: polyacetal (POM) products, Tarnoform
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [ExxonMobil Chemical](https://endata.com/companies/387.md) (target)
- [ExxonMobil](https://endata.com/companies/1345.md) (target)
- [Grupa Azoty](https://endata.com/companies/9017.md) (target)
- [Celanese](https://endata.com/companies/10711.md) (acquirer)

## Sources

- [celanese.com](https://www.celanese.com/news-and-media/2021/june/acquirement-of-pom-tech-and-sales-agreements-from-grupa-azoty), 2021-06-22: "Celanese Corporation today announced that it has acquired certain technology relating to the production of polyacetal (POM) products from Grupa Azoty S.A. of Tarnow, Poland, after its decision to discontinue its POM manufacturing."
- [finance.yahoo.com](https://finance.yahoo.com/news/celanese-buy-exxonmobils-santoprene-business-121004492.html), 2021-06-30: "Chemical and specialty materials company Celanese Corp said it will buy Exxon Mobil Corp's Santoprene business for $1.15 billion."
- [plasticstoday.com](https://www.plasticstoday.com/automotive-mobility/celanese-acquires-exxonmobil-s-tpv-business), 2021-07-02: "Celanese has reached an agreement with ExxonMobil Chemical to acquire the latter’s thermoplastic vulcanizate (TPV) business."

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