Mutares Announces Acquisition of SABIC's Engineering Thermoplastics Business

Mutares SE & Co. KGaA has announced a landmark agreement to acquire the Engineering Thermoplastics (ETP) Business from SABIC across the Americas and Europe. This acquisition, valued at approximately USD 450 million, signifies the largest transaction in Mutares' history by revenue and will form a new "Chemicals & Materials" segment within the company. Expected to close in the second half of 2026, the ETP Business is projected to generate revenues of around USD 2.5 billion.

The acquisition includes a significant portfolio of products and capabilities in the engineering thermoplastics field, with a production capacity of approximately 1,085 KT in resin and 780 KT in compounding. The business operates eight facilities, employing about 2,900 people, and is a key player in several sectors, including automotive and electronics.

This transformative move allows Mutares to bolster its strategic foothold in specialty chemicals and advanced materials, leveraging the ETP Business's strong market position and innovation potential.