Mutares completes landmark acquisition of SABIC's Engineering Thermoplastics Business in the Americas and Europe

Mutares SE & Co. KGaA has completed its largest acquisition to date, purchasing the regional Engineering Thermoplastics (ETP) business in the Americas and Europe from SABIC for an Enterprise Value of USD 450 million. The acquired business, which will operate under the new name NexPoint Materials, generates approximately USD 2.5 billion in revenues and includes globally recognized brands like LEXAN™ and CYCOLOY™. This acquisition establishes a new strategic segment for Mutares, 'Chemicals & Materials,' and expands its presence in the US market.