Chemical Engineering January 2022 - 11

Ascend to acquire
compounding facility in Mexico
December 8, 2021 - Ascend
Performance Materials, LLC (Houston;
www.ascendmaterials.com) plans to
purchase a compounding facility for
engineered materials in San Jose Iturbide,
Mexico, growing its global footprint and
expanding production capacity. The
purchase agreement includes the assets
of DM Color Mexicana, a joint venture
between Dainichiseika and Mitsubishi
Corp. The deal is expected to close in
the second quarter of 2022.
ExxonMobil acquires materials
science specialist Materia
December 8, 2021 - Exxon Mobil Corp.
(Irving, Tex.; www.exxonmobil.com)
announced that its chemical company
has acquired Materia, Inc. (Pasadena,
Calif.; www.materia-inc.com). Materia
developed technology for manufacturing
a new class of materials that can be
used in wind turbine blades, electric
vehicle parts, sustainable construction
materials, anticorrosive coatings and
more. The acquisition includes Materia's
technology center in Pasadena and
its manufacturing facility in Huntsville,
Tex. ExxonMobil intends to operate
Materia as a wholly owned affiliate.
Saint-Gobain to acquire GCP
Applied Technologies
December 6, 2021 - Saint-Gobain S.A.
(Courbevoie, France; www.saint-gobain.
com) entered into a definitive agreement
to acquire all of the outstanding shares
of construction chemicals manufacturer
GCP Applied Technologies, Inc.
(Cambridge, Mass; www.gcpat.com)
in a transaction valued at around
$2.3 billion. The transaction is expected
to close by year-end 2022.
Celanese completes
Santoprene acquisition
December 2, 2021 - Celanese
Corp. (Dallas, Tex.; www.celanese.
com) completed the acquisition of
the Santoprene TPV elastomers
business of ExxonMobil. As part of
the transaction, Celanese has acquired
two world-scale production facilities in
Pensacola, Fla. and Newport, Wales
with over 190,000 m.t./yr of total
production capacity.
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Cabot to sell Purification Solutions
business for $111 million
November 29, 2021 - Cabot Corp.
(Boston, Ma.; www.cabotcorp.com)
entered into an agreement to sell its
Purification Solutions business to private
equity firm One Equity Partners in a
transaction valued at $111 million.
Cabot's Purification Solutions business
is focused on activated carbon products
used in a range of environmental, health,
safety and industrial applications.
Westlake to acquire Hexion's
epoxy business for $1.2 billion
November 29, 2021 - Westlake
Chemical Corp. (Houston; www.
westlake.com) has entered into an
agreement with Hexion Holdings Corp.
(Columbus, Ohio; www.hexion.com) to
acquire Hexion's global epoxy business
for approximately $1.2 billion. Based in
Rotterdam, the Netherlands, Hexion's
epoxy business manufactures specialty
resins, coatings and composites for a
variety of industries. This transaction
is anticipated to be completed in the
first half of 2022.
■
Mary Page Bailey
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JANUARY 2022
11

https://www.cabotcorp.com/ https://www.ascendmaterials.com/ https://www.saint-gobain.com/en https://www.saint-gobain.com/en http://www.gcpat.com https://www.westlake.com/ https://www.westlake.com/ https://corporate.exxonmobil.com/ https://www.hexion.com/ https://www.celanese.com/ http://www.materia-inc.com/ https://www.celanese.com/ http://adlinks.chemengonline.com/82577-05 http://WWW.CHEMENGONLINE.COM

Chemical Engineering January 2022

Table of Contents for the Digital Edition of Chemical Engineering January 2022