# Celanese to acquire DuPont's Mobility & Materials segment for $11B

Celanese Corporation is acquiring DuPont's Mobility & Materials segment for $11 billion. As an interim step, a new company named Performance Solutions will be created on November 1, 2022, to combine the Hytrel and DuPont Teijin Films operations, employing about 340 people.

- Type: Acquisition
- Announced: 2022-10-31
- Where: Luxembourg, Luxembourg
- Value: $11.0B
- Jobs: 340
- Status: announced
- Products: Hytrel thermoplastic elastomers, polyester films
- 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) (acquirer)
- [DuPont](https://endata.com/companies/13205.md) (target)

## Sources

- [paperjam.lu](https://paperjam.lu/article/dupont-et-celanese-fondentperf), 2022-10-31: "La fondation de la société Performance Solutions, pour combiner les activités des usines de Hytrel et de DTF, n'est qu'une étape intermédiaire dans le processus de rachat par Celanese."

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