# Celanese offers to sell thermoplastic copolyester business to clear DuPont polymer unit purchase

To satisfy European Commission concerns, Celanese offered to sell its thermoplastic copolyester business and a plant in Ferrara, Italy, to Taro Plast, as part of its $11 billion acquisition of DuPont's engineering polymer unit.

- Type: Acquisition
- Announced: 2022-10-11
- Where: Ferrara, Italy, Italy
- Value: $11.0B
- Status: announced
- Products: thermoplastic copolyesters, engineering polymers
- 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)
- [Celanese](https://endata.com/companies/10711.md) (acquirer)
- [DuPont](https://endata.com/companies/13205.md) (target)
- [Taro Plast S.p.A.](https://endata.com/companies/65785.md) (acquirer)

## Sources

- [ecp.crai.com](https://ecp.crai.com/news/european-commission-conditionally-clears-celaneses-acquisition-of-duponts-mobility-materials-business/), 2022-10-12: "The EC found no competition concerns arising from the transaction as modified by the commitments."
- [reuters.com](https://www.reuters.com/markets/deals/eu-clears-celanese-buy-dupont-unit-divestment-condition-2022-10-12/), 2022-10-12: "The European Commission has approved the proposed $11 billion acquisition of Dupont's mobility and materials business by U.S. chemicals company Celanese Corp, on the condition that the latter divests a plastics-producing business."
- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/Celanese-Sika-plan-sales-clear/100/i38), 2022-10-29: "Celanese has offered to sell its thermoplastic copolyester business, and a plant in Ferrara, Italy, to Taro Plast."

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