MUTARES to acquire the Americas and Europe regional engineering thermoplastics business from SABIC for $450m.

MUTARES, a private equity investor, agreed to acquire the Americas and Europe regional engineering thermoplastics business from SABIC, a Saudi chemical manufacturing company, for $450m. “The Engineering Thermoplastics business in the Americas and Europe has a highly skilled workforce and strong customer relationships. Under focused ownership, our priority is to ensure continuity, support employees through the transition, and unlock the full potential of our asset base as a standalone ETP platform," Robin Laik, MUTARES Co-Founder and CEO.