The acquisition of the Celanese emulsion powders business will extend the range of National Starch's Elotex end markets and applications and will provide additional growth opportunities and increased geographic coverage.
ICI to Acquire Emulsion Powders Business From Celanese
September 1, 2005
LONDON - ICI has agreed to acquire the Celanese emulsion powders business for $25.5 million in cash. The business recorded sales of €32 million and operating profit of €1.9 million in 2004, has about 50 employees, and is based in Frankfurt, Germany. The value of the gross assets being acquired is €11 million.