# ExxonMobil acquires Materia Inc.

ExxonMobil Chemical Co. acquired California-based Materia Inc., a technology company specializing in Nobel Prize-winning hydrocarbon-based structural polymers, for use in wind turbine blades, EV parts, and construction.

- Type: Acquisition
- Announced: 2021-12-10
- Where: Pasadena, California, United States
- Status: completed
- Products: high-performance structural polymers, hydrocarbon-based materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [ExxonMobil Chemical](https://endata.com/companies/387.md) (acquirer)
- [Materia](https://endata.com/companies/28958.md) (target)

## Sources

- [compositesworld.com](https://www.compositesworld.com/news/exxonmobil-acquires-high-performance-structural-polymers-company-materia-inc), 2021-12-10: "ExxonMobil Chemical Co. has acquired California-based Materia Inc. a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials"
- [plasticstoday.com](https://www.plasticstoday.com/automotive-mobility/exxonmobil-acquires-nobel-prize-winning-composites-firm), 2021-12-10: "This technology can be used to form composites that exhibit strength and stiffness equivalent to steel, with significantly reduced weight."
- [cen.acs.org](https://cen.acs.org/materials/polymers/ExxonMobil-buys-Grubbs-catalyst-plastics/99/i45), 2021-12-17: "ExxonMobil Chemical has acquired Materia, a company formed by California Institute of Technology professor Robert Grubbs to make thermoset resins using the science for which he won the 2005 Nobel Prize in Chemistry."

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