Celanese Completes Acquisition of Ashland’s PVA Homopolymer and Copolymer Business

Celanese has completed the previously announced acquisition of Ashland’s polyvinyl acetate (PVA) homopolymer and copolymer business. Financial terms of the deal were not disclosed. The transaction includes the PVA business, inventory and related technology, but does not include any manufacturing facilities. The acquisition includes the Vinac and Flexbond brands, which will support the strategic growth of the emulsion polymers business of Celanese, the company says. The products will be temporarily toll manufactured by Ashland for Celanese. “This...

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