The global chemical and specialty materials company, Celanese, announced that it has acquired certain technology relating to the production of polyacetal (POM) products from Grupa Azoty of Tarnow, Poland, after its decision to discontinue its POM manufacturing.
Celanese will take over all existing Tarnoform contracts in order to serve Azoty’s customers. However, with the exception of certain equipment transferred in connection with the intellectual property transfer, this transaction does not include any of Azoty’s e employees, tangible assets, manufacturing facilities or sales offices.
“This transaction will enable Celanese to serve Azoty’s customers with Celanese assets, thereby allowing for an incremental volume opportunity for Celanese as well as access to a POM customer base and a proven POM technology in Tarnoform. Our engineered materials business is a critical growth engine for Celanese, and we continue to take the strategic steps needed, such as this customer and product acquisition, to fuel the ongoing success of the business”, said Tom Kelly, Senior Vice President, Engineered Materials, Celanese.