Celanese Acquires ExxonMobil Santoprene TPV Business 2021

Celanese announced the acquisition of ExxonMobil's Santoprene thermoplastic vulcanizates (TPV) elastomers business for $1.15 billion in an all-cash transaction. The deal targets fourth quarter 2021 closing and is expected to deliver over $35 million in annual run-rate synergies with immediate accretion of approximately $0.90 per share.