Celanese completed the acquisition of the mobility & materials unit of DuPont for $11bn.

Celanese, a global chemical company, completed the acquisition of the mobility & materials unit of DuPont, a global innovation company with technology-based materials and solutions, for $11bn. "The transaction with Celanese that we are announcing today will create a market-leading portfolio serving the automotive, consumer and industrial markets with unmatched scale, manufacturing capability and technical expertise. We are proud of the strength of these industry-leading businesses, which we believe will be even stronger when combined with the highly complementary portfolio of Celanese. We are excited for Celanese to partner with the team and we are confident that together they will continue to drive industry-defining material science innovation to serve customers and the value chain," Ed Breen, DuPont Executive Chairman and CEO.