Mutares Acquires SABIC's Engineering Thermoplastics Business

Mutares SE & Co. KGaA has finalized the acquisition of SABIC's Engineering Thermoplastics business in the Americas and Europe for USD 450 million. This acquisition marks the largest transaction in Mutares' history and creates a new strategic segment, "Chemicals & Materials." The business, renamed NexPoint Materials, has a revenue of approximately USD 2.5 billion.

The acquired division includes resin and compounding facilities, with an annual production capacity of over 1,085 KT and 780 KT, respectively. Products include Polycarbonates, Polybutylene Terephthalate, and Acrylonitrile Butadiene Styrene. The business serves diverse sectors such as automotive, building, consumer products, and healthcare.

Johannes Laumann, CIO of Mutares, notes the acquisition enhances their presence in the US market and positions the company for growth and value creation. The business’ balanced geographical revenue split between Americas and Europe is expected to further boost its strategic position.