Celanese Closes Sale of Micromax Business to Element Solutions for $500 Million

Reuters05:30

Celanese Closes Sale of Micromax Business to <a href="https://laohu8.com/S/ESI">Element Solutions</a> for $500 Million

Celanese Corporation has completed the sale of its Micromax® business to Element Solutions Inc for approximately $500 million in cash. According to Celanese, the proceeds from the transaction will be used to support the company's efforts to reduce debt. The move aligns with Celanese's strategic priorities of cash generation and strengthening its balance sheet, while allowing the Micromax team to continue its growth as part of Element Solutions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Celanese Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260202983594) on February 02, 2026, and is solely responsible for the information contained therein.

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