Celanese completed the acquisition of Redispersible Polymer Powders business of Nouryon for $104m.

Celanese, a global chemical and specialty materials company, completed the acquisition of Redispersible Polymer Powders business of Nouryon, the former chemical business of AkzoNobel. The unit operaters under the Elotex brand, for $104m. "I want to thank our Elotex employees and our loyal customer base for their contribution in building this business. It is very well positioned for growth and I strongly believe that it will prosper under the new ownership and continue to meet and exceed customer expectations in this market by providing industry leading products and solutions," Charlie Shaver, Nouryon Chairman and CEO.