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Business

Celanese And Accsys Alter Supply Pact

November 26, 2007 | A version of this story appeared in Volume 85, Issue 48

Celanese and Accsys Technologies will convert an earlier exclusive partnership into a nonexclusive relationship that they say gives both firms greater flexibility. In March, the firms entered a partnership in which Celanese became the sole supplier of acetyl products to licensees of a wood treatment technology offered by Accsys' wholly owned subsidiary Titan Wood. As part of the original agreement, Celanese made a $25.9 million equity investment in Accsys. The change will allow Celanese to exit its ownership position.

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