Celanese Corp. (Dallas, Texas; Kelsterbach, Germany) on Dec. 21 announced the acquisition of the long-fiber reinforced thermoplastics (LFT) business of FACT GmbH (Future Advanced Composites Technology) of Kaiserslautern, Germany, a business unit of The Ravago Group.
The acquisition will support Celanese’s Advanced Engineered
Materials business segment, specifically Ticona Engineering Polymers,
by building upon Ticona’s LFT process technology and broadening
specific product offerings to improve the capability to grow with its
customers through a new production site in Kaiserslautern.
Completion of the change of ownership will occur on December 31, 2009. Financial details of the transaction were not disclosed. FACT is a leading producer of LFTs used in injection molding, extrusion, compression molding and blowmolding applications.