Celanese buys US compounder Cool Polymers

Global technology and specialty materials company Celanese has acquired substantially all of the assets of Cool Polymers, based in North Kingstown, Rhode Island.

The acquisition will accelerate Celanese’s growth in the conductive polymers market by building on Cool Polymers’ strong product portfolio and technical capabilities. 

Financial details of the transaction were not disclosed.

Cool Polymers is a leading compounder of conductive polymers. The company’s technical capabilities in the LED (light-emitting diode) market will allow for immediate customer growth, according to Celanese officials, while continuing to advance Celanese’s engineered materials business across thermal management and electrical conductivity polymer applications.

“Cool Polymers has a strong technology position, advanced polymer formulation and compounding capabilities, and a product portfolio that can meet the global demand for innovative conductive polymer materials,” said Phil McDivitt, vice president and general manager of the engineered materials business of Celanese. 

“We see substantial opportunity to create customer value with the acquisition of Cool Polymers," he added.

In acquiring the Cool Polymers business, Celanese will also add to its engineered materials portfolio the products of Cool Polymers, including:

“Cool Polymers brings formulation, prototyping, molding and testing capabilities that will complement Celanese’s expertise in polymer chemistry, compounding operations and part design,” said McDivitt. 

“With more than 50 years of technical and application development expertise in engineered materials, Celanese is uniquely positioned to help customers develop innovative products and solutions to meet their design and operational challenges.”