Leading chemical maker Acetex Corporation announced the European Commission (“EC”) has granted Celanese Corporation unconditional approval of the acquisition of Acetex. As all necessary regulatory permissions have now been given and, as Acetex shareholders approved the transaction on January 12, 2005, Celanese expects to close the transaction on or about July 20, 2005.
Acetex Corporation has two primary businesses – its European Acetyls Business and the Specialty Polymers and Films Business. Our Acetyls business is Europe's second largest producer of acetic acid and polyvinyl alcohol and third largest producer of vinyl acetate monomer.
These chemicals and their derivatives are used in a wide range of applications in the automotive, construction, packaging, pharmaceutical and textile industries. Specialty polymers developed and manufactured by Acetex are used in the manufacture of a variety of plastics products, including packaging and laminating products, auto parts, adhesives and medical products. The films business focuses on products for the agricultural, horticultural and construction industries.
Acetex directs its operations from its corporate head office in Vancouver, Canada. Acetex has plants in France, Spain, and Edmonton, Alberta, and sells to customers primarily in Europe, the United States, and Canada. Acetex's common shares are listed for trading under the symbol “ATX” on the TSX, which has neither approved nor disapproved the information contained herein.
marketing@alchempro.com
