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drymix.info Newsletter 233/2020 Special edition; ISSN Number 1613-0111; 6. February 2020

Special Edition
1. Celanese Acquires Elotex from Nouryon
2. New Date for Philippine Drymix Mortar Meeting: 15. July 2020

1. Celanese Acquires Elotex from Nouryon

Celanese Corporation, Dallas, TX, USA has reached an agreement with Nouryon, Amsterdam, The Netherlands to acquire the redispersible powder and specialty drymix mortar additives business Elotex, headquartered in Sempach-Station, Switzerland. The Elotex portfolio for drymix mortars includes redispersible powders and specialty additives affecting e.g. rheology, hydrophobicity and anti-efflorescence behavior of mortars. The deal includes Elotex' redispersible powder production plants in Geleen, The Netherlands, Höchst (Frankfurt), Germany and Shanghai, China along with the specialty additives production in Mooslerau, Switzerland. Also included is the Elotex R&D, technical and sales infrastructure at the HQ in Sempach-Station.

Nouryon contains the chemical activities that AkzoNobel, Amsterdam, The Netherlands spun off to private equity companies Carlyle Group L.P., Washington D.C., USA and GIC Pte. Ltd, Singapore in late 2018 (we reported earlier).

Both in Geleen and Höchst Celanese Vinyl-Acetate Ethylene (VAc/E) polymerization units are co-located to Elotex facilities, so the move could be called a forward integration of Celanese. According to Celanese, Elotex will be re-instated as independent unit and run independently of Celanese. A transaction value was not disclosed by either party, the deal is still subject to regulatory approvals. It is expected to close within the second quarter of 2020.

2. New Date for the 4th Philippine Drymix Mortar Meeting: 15. July 2020

In our last Newsletter this Tuesday, we published the postponement of our 4th Philippine Drymix Mortar Meeting to July 2020. We have just obtained the confirmation of Manila Polo Club (our splendid location), that the event can be hosted there on Wednesday, 15. July 2020. Attention lecturers and supporters: please check your personal availability for this date until latest 17. February 2020.

Admission to the 4th Philippine Drymix Mortar Meeting is 390 Euro, reduced to 290 Euro for members of drymix.info or SEADMA, drymix mortar producers pay only 190 Euro. When booking your admission online, a 30 Euro bonus gets deducted from the prices above.

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Editor-in-Chief: Ferdinand Leopolder.

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Sincerely Yours, Ferdinand Leopolder