Celanese Acquires POM Technology and Sales Agreements from Grupa Azoty

After it decided to cease its POM production, the Celanese Corporation, a global manufacturer of chemical and specialized materials, announced the acquisition by Grupa Azoty S.A. of Tarnow, Poland, of certain technologies polyacetal (POM) production products.

To serve Azoty's clients, Celanese will accept all current contracts with Tarnoform. This transaction does not involve Azoty employees, physical assets, manufacturing facilities, or sales offices, except for certain equipment transferred in connection with the transfer of intellectual property.

Tom Kelly, Senior Vice President Engineered Materials, Celanese, said, "This transaction will enable Celanese to service Celanese assets with customers of Azoty, enabling Celanese both an additional volume opportunity for Celanese, as well as accessing a POM customer base and the proven POM technology. "We continue to take the strategic measures necessary, such as this client and the product acquisition, to drive the ongoing success," Kelly concluded. "Our materials business for Celanese is a key growth engine.

It is expected that the transaction will complete in early July 2021.

About Azoty Grupa
The Group is the undisputed market leader on the domestic fertilizer market and a significant participant in Europe's fertilizer and chemical sector. It is the second biggest nitrogen and compound fertilizer producer in the European Union, besides having an important market position in melamine, caprolactam, polyamide, oxo alcohol, plasticizers, and titanium white.

About Celanese 
Celanese Corporation is a global chemical leader in the production of outstanding chemistry solutions and unique materials for most major industries and consumer applications. Our companies utilize the entire scope of the worldwide chemical, technological and commercial capabilities of Celanese to generate value for our customers, employees, shareholders, and the business. As we work with our clients to meet their most important business requirements, we work through the Celanese Foundation to positively affect our communities and the world. Celanese employed about 7,700 people globally and had $5.7 billion in net revenues in 2020, based in Dallas.