# Taro Plast to acquire Celanese's hotmelt businesses

Taro Plast S.p.A. signed an agreement to acquire the thermoplastic Co-Polyester and Polyester Hotmelt businesses of Celanese Corporation. The deal is expected to close in Q4 2022.

- Type: Acquisition
- Announced: 2022-10-14
- Where: United States
- Status: announced
- Products: thermoplastic Co-Polyester, Polyester Hotmelt
- 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) (partner)
- [Taro Plast S.p.A.](https://endata.com/companies/65785.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/CELANESE-CORPORATION-12017/news/Taro-Plast-S-p-A-signed-an-agreement-to-acquire-hermoplastic-Co-Polyester-and-Polyester-Hotmelt-Bus-42645044/), 2022-10-13: "Taro Plast S.p.A. signed an agreement to acquire hermoplastic Co-Polyester and Polyester Hotmelt Businesses of Celanese Corporation (NYSE:CE) on October 14, 2022."

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