Texas Acquires Israeli Tech

February 8, 2017

Texas-Based specialty materials company Celanese Corp. has acquired Israeli company's Nilit Plastics’ nylon compounding product portfolio. The acquisition includes customer agreements and manufacturing, technology and commercial facilities but Nilit will retain ownership of its nylon fibers and nylon polymerization businesses worldwide. Financial details of the deal were not disclosed but market sources estimate that Celanese is paying $250 million. 

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