Latest Omni Plastics News
Feb 1, 2018
February 01, 2018 05:30 PM Eastern Standard Time DALLAS--( BUSINESS WIRE )--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced it has completed the acquisition of Omni Plastics L.L.C. and its subsidiaries, including Resinal de Mexico. Financial details of the transaction are not being disclosed at this time. Omni Plastics specializes in custom compounding of various engineered thermoplastic materials and is headquartered and has a compounding facility in Evansville, Indiana, with additional offices in Mexico City. This acquisition further strengthens Celanese’s global asset base by adding compounding capacity in the Americas to enable Celanese to continue to support a growing and diverse customer base. Celanese will integrate the Omni Plastics thermoplastic compounding product portfolio ( http://omniplastics.com/high-performance-products/ ) and production capabilities into the Celanese engineered materials business to include the following product brands: OmniLon™ polyamide formulations for automotive, heavy truck, air movement, appliance, office furniture, and lawn & garden applications. OmniPro™ polypropylene formulations for pump housings, wheels, handles, mounting brackets, levers, pressure vessels, and office furniture component applications. OmniCarb™ polycarbonate formulations for automotive and electronic applications. OmniTech™ non-standard, custom-developed products including polybutylene terephthalate and acrylonitrile butadiene styrene formulations for applications with unique functional requirements, including flame retardant, conductive, wear-and-friction, and improved optical clarity. Several product grades are UL-listed, FDA-compliant, NSF-compliant and made with post-industrial material, as well as qualified with automotive, E&E, and other original equipment manufacturers. About Celanese Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our two complementary business cores, Acetyl Chain and Materials Solutions, use the full breadth of Celanese's global chemistry, technology and business expertise to create value for our customers and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of $6.1 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com . All registered trademarks are owned by Celanese International Corporation or its affiliates. Forward-Looking Statements This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions, including the announced acquisition. There can be no assurance that the company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release, including with respect to the acquisition. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.