DALLAS – Celanese Corp., a global technology and specialty materials company, announced an agreement to acquire certain assets from Ashland Inc. The agreement includes two product lines, Vinac® and Flexbond®, which will support the strategic growth of the Celanese Emulsion Polymers business.
“This acquisition will accelerate the growth of the Emulsion Polymers business throughout the Americas in key segments such as adhesives, textiles, coatings and paper,” said Phillip McDivitt, General Manager, Celanese Emulsion Polymers. “The addition of Vinac and Flexbond will expand our product portfolio while building upon Celanese’s emulsion process technology at our Enoree, SC, and Boucherville, Quebec, Canada, manufacturing facilities.”
Vinac products are used to make a variety of adhesives for use in woodworking and paper packaging and converting applications. These vinyl-based polymers can be used to make water-resistant wood glues and adhesives suitable for use with various craft and coated paperboards.
Flexbond products are used to make interior and exterior architectural paints. These paints exhibit characteristics such as scrub and stain resistance in interior paints and weather resistance in exterior formulas.
Celanese Buys Product Lines From Ashland Inc.
November 11, 2011