The corporation has concluded its buyout of the plastics company.
After publically announcing the buyout of Omni Plastics L.L.C. and its subsidiaries (including the distributor Resinal de Mexico) mid-December 2017, Celanese Corporation has officially completed their take over. Financial details of the transaction have yet to be made public.
Omni Plastics is based out of Evansville, Indiana, and has additional offices in Mexico City. The company specializes in the custom compounding of various engineered thermoplastic materials. This acquisition lends itself to expanded capacity for Celanese, which has added thermoplastic compounding into its product portfolio and capabilities in production. The acquisition has allowed for the integration and development of the following brands:
- OmniLon™ polyamide formulations for automotive, heavy truck, air movement, appliance, office furniture, and lawn & garden applications.
- OmniPro™ polypropylene formulations for pump housings, wheels, handles, mounting brackets, levers, pressure vessels, and office furniture component applications.
- OmniCarb™ polycarbonate formulations for automotive and electronic applications.
- OmniTech™ non-standard, custom-developed products including polybutylene terephthalate and acrylonitrile butadiene styrene formulations for applications with unique functional requirements, including flame retardant, conductive, wear-and-friction, and improved optical clarity.
Celanese produces differentiated chemistry solutions and specialty materials under the core businesses of Acetyl Chain and Materials Solutions. Commenting in the original announcement regarding the acquisition, Celanese Chief Operating Officer, Scott Sutton, spoke on the bolstered offering following the buyout: “Engineered thermoplastics continues to be a material of choice in automotive, electrical and electronics, consumer goods and industrial markets and Omni Plastics strengthens Celanese’s presence in these strategic areas as well as brings expanded presence in office furniture, filtration, lawn/garden, and other specialty materials applications,” he described.
