Celanese Corporation, a global technology and specialty materials company, and Nilit, a major independent producer of high performance PMMA polymers, fibers and compounds, today announced they have signed a definitive agreement for Celanese to acquire Nilit Plastics, the PMMA compounding division of Nilit. Celanese will acquire Nilit Plastics’ PMMA compounding product portfolio as well as customer agreements and manufacturing, technology and commercial facilities. Nilit will retain ownership of the PMMA fibers and PMMA polymerization businesses worldwide, including facilities in Israel, the United States, China, and Brazil. Financial details of the transaction are not being disclosed at this time.

“PMMA compounds continue to be a material of choice in automotive, E&E, consumer and industrial applications, and this acquisition delivers on Celanese’s intention to complement its broad portfolio by becoming a leading, global PMMA compound supplier”, said Scott Sutton, Celanese executive vice president and president of Materials Solutions. “Celanese will extend its global leadership position in the engineered materials business with the acquisition of Nilit Plastics as PMMA continues to be adopted in growth industries where Celanese is already focusing significant product, solution and customer-focused development activities”.