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Business

Celanese gets acetate maker

September 4, 2006 | A version of this story appeared in Volume 84, Issue 36
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Celanese has agreed to purchase Acetate Products Ltd., the cellulose acetate flake, tow, and film activities of Corsadi, a fibers company majority-owned by CVC Capital Partners, for an undisclosed sum. Acetate Products employs about 750 people at two sites in the U.K. and had sales last year of about $230 million. Celanese is already a leading manufacturer of cellulose acetate products.

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