Celanese acquires conductive polymers compounder Cool Polymers

The US-based technology and specialty materials company Celanese Corporation has acquired substantially all of the assets of Cool Polymers Inc, based in North Kingstown, Rhode Island (USA), for an undisclosed amount. The acquisition will accelerate Celanese’s growth in the conductive polymers market by building on Cool Polymers’ strong product portfolio and technical capabilities.
 
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 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. We see substantial opportunity to create customer value with the acquisition of Cool Polymers,” said Phil McDivitt, vice president and general manager of the engineered materials business of Celanese.
 
By acquiring the Cool Polymers business, Celanese will also add to its engineered materials portfolio the products of Cool Polymers.
 
McDivitt added, “Cool Polymers brings formulation, prototyping, moulding and testing capabilities that will complement Celanese’s expertise in polymer chemistry, compounding operations and part design. 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.”
 
Kevin McCullough, general manager of Cool Polymers, said, “We are excited to join Celanese and to benefit from their global reach in serving current and future CoolPoly customers around the world. The combination of our thermal expertise and Celanese’s leadership in materials technology positions us to continue to bring great solutions to our customers.”