Mutares acquires “engineering thermoplastics” division from SABIC

Munich / Frank­furt a. M. — Will­kie Farr & Gallag­her LLP has advi­sed Muta­res SE & Co. KGaA on the acqui­si­tion of the engi­nee­ring ther­mo­pla­s­tics busi­ness in the Ameri­cas and Europe (the “ETP Busi­ness”) from SABIC. The ETP Busi­ness opera­tes a broad-based inter­na­tio­nal plat­form with appro­xi­m­ately 2,900 full-time employees and eight produc­tion sites in the Ameri­cas and Europe. The product port­fo­lio includes poly­car­bo­na­tes (PC), poly­bu­ty­lene tere­phtha­late (PBT) and acrylo­ni­trile buta­diene styrene (ABS) as well as resin and compound product lines, supported by globally reco­gni­zed brands such as LEXAN™, CYCOLOY™, VALOX™ and CYCLOLAC™. The busi­ness gene­ra­tes sales of around USD 2.5 billion. 

The ETP busi­ness is the worl­d’s second largest produ­cer of PC, the leading produ­cer of ABS in the United States and the only produ­cer of PBT in the United States — unders­coring its strong compe­ti­tive posi­tion in key engi­nee­ring ther­mo­pla­s­tics categories.

About Muta­res SE & Co. KGaA

Muta­res SE & Co. KGaA, Munich, a listed private equity invest­ment company with offices in Munich (head­quar­ters), Amster­dam, Bad Wies­see, Chicago, Frank­furt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shang­hai, Stock­holm, Vienna and Warsaw, acqui­res compa­nies in special situa­tions that show considera­ble poten­tial for opera­tio­nal impro­ve­ment and sells them again after a repo­si­tio­ning and stabi­liza­tion process.

Will­kie advi­sed Muta­res on all aspects of the tran­sac­tion. Consultant:

The Will­kie team was led by part­ner Dr. Kamyar Abrar (Frank­furt) in colla­bo­ra­tion with part­ners Georg Linde (Frank­furt), Dr. Florian Dendl (Munich), Esther Chang (Chicago), Ryan Giggs (Hous­ton, all Corpo­rate) and Simon Weiss (Frank­furt, Capi­tal Markets) and included part­ners Gene­vieve Dorment (IP), Isabel Duman (Execu­tive Compen­sa­tion & Employee Bene­fits, both New York), Yaniv Maman (Tax, Hous­ton) and Hamesh Khat­kar (Corpo­rate, London), coun­sel William Thomas (Envi­ron­ment, Health & Safety, Washing­ton), Sebas­tian Bren­ner (Corpo­rate, Frank­furt), Lauren Sawyer (Execu­tive Compen­sa­tion & Employee Bene­fits) and Elana King (Real Estate, both New York), and asso­cia­tes Nils Bock (Frank­furt) Qing­ping (Chel­sea) Zheng (Chicago), Dr. Florian Kalb­fleisch (Munich), Leota Walter (Frank­furt), Bran­nock Furey (New York, all Corpo­rate), Taaj Reaves (IP, Chicago), Michael Wies­ner (Corpo­rate, Munich), Nicole Franki (Execu­tive Compen­sa­tion & Employee Bene­fits, New York), Laurin Havlik (Compli­ance, Munich), Kate­rina Gana­sou­lis (Hous­ton), Dr. Zeno Wirtz (Munich, both Corpo­rate), Kari Prochaska (London), Alex­an­dra Barc­zak (Washing­ton, both Commu­ni­ca­ti­ons, Media & Privacy), Victo­ria Quilty (Real Estate, New York), Dr. Phil­ipp Stein­hau­sen (Finance, Frank­furt), Clau­dia Garrote Fernan­dez (Hous­ton), Anna Jack­­son-Smith (London, both Corpo­rate), Andrew Nesmith (Real Estate), Yoon Ho Jung (IP), Cara Hunt (Liti­ga­tion), Gian­luca Darena (Tax), Leah R. Gold (Real Estate), Nadia Raynes (Liti­ga­tion, all New York) and Nicola White (Corpo­rate, London).

About WILLKIE

Will­kie Farr & Gallag­her LLP provi­des leading legal solu­ti­ons to complex, busi­­ness-criti­­cal issues that span markets and indus­tries. Our appro­xi­m­ately 1,300 lawy­ers in 16 offices world­wide provide inno­va­tive, prag­ma­tic and sophisti­ca­ted legal services in around 45 areas of law. — www.willkie.com