# Celanese sells Polyplastics stake to Daicel for $1.575B

Celanese Corp. agreed to sell its 45% stake in Polyplastics joint venture to Daicel Corporation for $1.575 billion. Daicel will own 100% of Polyplastics after the deal.

- Type: Acquisition
- Announced: 2021-07-10
- Where: Japan
- Value: $1.57B
- Status: announced
- Products: engineering plastics
- 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

- [jjchem.net](https://www.jjchem.net/hghq/202107/071013858.html), 2021-07-10: "塞拉尼斯公司（Celanese Corp.）宣布已达成最终协议，以15.75亿美元的价格将其在Polyplastics合资公司（JV）中的45％股权出售给Daicel Corporation。"
- [jjchem.net](https://www.jjchem.net/hgjs/202108/081517617.html), 2021-08-15: "塞拉尼斯公司（Celanese Corp.）宣布已达成最终协议，以15.75亿美元的价格将其在Polyplastics合资公司（JV）中的45％股权出售给Daicel Corporation。"

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