Celanese Corporation (NYSE:CE) entered into an agreement to acquire polyvinyl acetate assets from Ashland Inc. (NYSE:ASH), including two product lines, Vinac and Flexbond. The transaction is expected to close within 60 days, subject to satisfaction of closing conditions. Terms were not disclosed.
The acquisition will further the growth of the Emulsion Polymers business and will expand Celanese’ product portfolio. The combined revenues of the two products were $45 million in 2010. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards