Celanese Corporation Completes Acquisition Of Acetate Products Limited

Dallas, TX - Celanese Corporation, a global hybrid chemical company, announced completion of the acquisition of the cellulose acetate flake, tow and film business of Acetate Products Limited (APL), a subsidiary of Corsadi B.V. The transaction excludes the limited business activity in Romania as regulatory review continues and is expected to be completed by the end of the first quarter of 2007. The purchase price for the transaction was approximately USD $110M. Celanese announced its intent to purchase APL in August 2006.

"This acquisition builds on our global acetate business and further enhances our strong capability to supply our customers," said Douglas Madden, president of Celanese Acetate. "We will immediately begin integrating the APL business into the Celanese Acetate products network."

Source: Celanese Corporation