2014-2016 Exhibitions
Speciality materials company Celanese Corporation has acquired substantially all of the assets of US-based conductive polymers supplier Cool Polymers. The acquisition will accelerate Celanese’s growth in the conductive polymers market by building on Cool Polymers’ product portfolio and technical capabilities. Financial details of the transaction were not disclosed.
As a compounder of conductive polymers, Cool Polymer’s technical capabilities are in the LED (light-emitting diode) market. This, says Celanese, will allow for immediate customer growth while continuing to advance its 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.”
In acquiring the Cool Polymers business, Celanese will also add to its engineered materials portfolio the products of Cool Polymers, including:
- CoolPoly E-Series: thermally conductive polymers that combine thermal conductivity and electrical conductivity in standard pellet form.
- CoolPoly D-Series: thermally conductive polymers that combine thermal conductivity and electrical isolation in standard pellet form.
- CoolPoly Elastomers: thermally conductive elastomers for both electrically conductive (E-Series) and electrically insulative (D-Series) grades.
“Cool Polymers brings formulation, prototyping, moUlding and testing capabilities that will complement Celanese’s expertise in polymer chemistry, compounding operations and part design,” concluded 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.”
“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,” said Kevin McCullough, General Manager of Cool Polymers.
(PRA)
