ExxonMobil completed the acquisition of Materia for $156m.

ExxonMobil, a chemical company, completed the acquisition of Materia, a company focused on manufacturing advanced materials, for $156m. “This acquisition ties together Materia’s Nobel Prize-winning technology with ExxonMobil’s complementary proprietary technology and world-class manufacturing capabilities to bring this exciting new class of structural materials to commercial scale,” Karen McKee, ExxonMobil President.