# Celanese to acquire ExxonMobil's Santoprene TPV elastomers business

Celanese Corporation signed a definitive agreement to acquire the Santoprene TPV elastomers business of Exxon Mobil Corporation, including intellectual property, production and commercial assets.

- Type: Acquisition
- Announced: 2021-06-29
- Where: Pensacola, Florida; Newport, Wales, United States
- Value: $1.15B
- Jobs: 350
- Status: announced
- Capacity: 190,000 t/y
- Products: Santoprene thermoplastic vulcanizates (TPV)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [ExxonMobil](https://endata.com/companies/1345.md) (target)
- [Exxon Mobil](https://endata.com/companies/5253.md) (target)
- [Celanese](https://endata.com/companies/10711.md) (acquirer)

## Sources

- [celanese.com](https://www.celanese.com/news-and-media/2021/june/acquisition-of-exxonmobils-santoprene/), 2021-06-29: "Celanese Corporation today announced the signing of a definitive agreement to acquire the Santoprene® TPV elastomers business of Exxon Mobil Corporation."
- [investors.celanese.com](https://investors.celanese.com/news/celanese/f4ff3ec1-be91-4b0b-bed3-919e03064fe4), 2021-06-30: "With the acquisition of the Santoprene™ business, we are further expanding the unrivaled portfolio of engineered solutions we bring to our customers."
- [chemanager-online.com](https://chemanager-online.com/en/news/celanese-takes-exxonmobil-elastomers-business), 2021-07-01: "Celanese said on Jun. 30 it had signed a definitive agreement to acquire the portfolio that includes the iconic Santoprene brand along with intellectual property, production and commercial assets."
- [ciskotech.com](http://www.ciskotech.com/en/news/17.html), 2021-08-05: "With the acquisition of the Santoprene business, we are further expanding the unrivaled portfolio of engineered solutions we bring to our customers."

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