Celanese Buys Cool Polymers Assets

(RTTNews) - Celanese Corp. (CE) said Monday that it has acquired substantially all of the assets of Cool Polymers, Inc., based in North Kingstown, R.I.

Financial details of the deal were not disclosed.

Cool Polymers is a compounder of conductive polymers. The company's technical capabilities in the LED market will allow for immediate customer growth while continuing to advance Celanese's engineered materials business across thermal management and electrical conductivity polymer applications.

The acquisition will accelerate Celanese's growth in the conductive polymers market by building on Cool Polymers' strong product portfolio and technical capabilities.