Mutares SE & Co. KGaA, the Germany-based investment and industrial management group, is acquiring SABIC’s Engineering Thermoplastics (ETP) business across the Americas and Europe for USD 450 million (€415m), marking the largest transaction in the company’s history. The deal, expected to close in H2 2026, establishes a new strategic “Chemicals & Materials” segment, with the ETP business as its core and Venator Ultramarine Blue Pigments supplementing specialty chemicals offerings.

The ETP business operates eight production facilities, employs roughly 2,900 staff, and boasts resin production capacity of approximately 1,085 kilotonnes (KT) and compounding capacity of 780 KT. Its portfolio includes Polycarbonates (PC), Polybutylene Terephthalate (PBT), and Acrylonitrile Butadiene Styrene (ABS), marketed under brands such as LEXAN™, CYCOLOY™, VALOX™, and CYCLOLAC™, generating around USD 2.5 billion (€2.3bn) in revenues. The business is the world’s second-largest PC producer, the leading ABS producer in the US, and the sole PBT producer in the US, reflecting strong market leadership.

The customer base spans Automotive (39%), Building & Construction (20%), Consumer Products (17%), Electrical & Electronics (10%), and Healthcare (3%), with revenues geographically distributed 66% in the Americas and 34% in Europe. This positions Mutares to leverage the ETP business’s integrated platform, technical expertise, and innovation pipeline to accelerate growth and operational excellence across the new Chemicals & Materials segment.

Abdulrahman Al-Fageeh, CEO of SABIC, said: “This transaction is a continuation of our Portfolio Optimization Program, which we embarked on in 2022 to achieve long-term, sustainable growth and maximise value creation. We are confident that this transaction can secure a bright future for the business.”

Read the full details on how Mutares’ acquisition positions its new chemicals segment for global growth.

(Photo Credits to Mutares)