Global law firm, Baker McKenzie, has acted as international counsel to specialty chemicals company, Celanese, on the acquisition of DuPont's Mobility & Materials business for approximately USD 11 billion.
DuPont's Mobility & Materials business is a leading global producer of engineering thermoplastics and elastomers serving a variety of end-uses including automotive, electrical and electronics, consumer goods, and industrial applications.
As per the terms, Celanese will acquire a global production network of 29 facilities, including compounding and polymerization, customer and supplier contracts and agreements, industry-leading intellectual property portfolio including approximately 850 patents with associated technical and R&D assets, and approximately 5,000 highly-skilled employees across the manufacturing, technical, and commercial organizations.
The Baker McKenzie team was led by Corporate Partner, Jannan Crozier (London) and Employment Partner, Alexander Wolff (Berlin). The team also included, Employment Partner Julia Wilson (London), Employment Associate Director, Paul Williams (Johannesburg), Corporate Senior Associates, Kate Bromley (London) and Anthony Pisarski (London), Employment Senior Associate, Hannah Swift (London), Corporate Associates Oliver Wilson (London), Andrew Tyau (London) and Employment Associate Harasch Yakubi (Berlin).
Kirkland & Ellis acted as US Counsel to Celanese. Skadden acted as Counsel for DuPont.
The transaction is expected to close around the end of 2022.
Commenting on the transaction, Alexander said: " It has been a pleasure working with Celanese on this important acquisition, which will position it as the preeminent global specialty materials company. Our talented colleagues across the globe worked together seamlessly across borders with the Celanese teams to achieve our client's objectives."
DuPont's Mobility & Materials business is a leading global producer of engineering thermoplastics and elastomers serving a variety of end-uses including automotive, electrical and electronics, consumer goods, and industrial applications.
As per the terms, Celanese will acquire a global production network of 29 facilities, including compounding and polymerization, customer and supplier contracts and agreements, industry-leading intellectual property portfolio including approximately 850 patents with associated technical and R&D assets, and approximately 5,000 highly-skilled employees across the manufacturing, technical, and commercial organizations.
The Baker McKenzie team was led by Corporate Partner, Jannan Crozier (London) and Employment Partner, Alexander Wolff (Berlin). The team also included, Employment Partner Julia Wilson (London), Employment Associate Director, Paul Williams (Johannesburg), Corporate Senior Associates, Kate Bromley (London) and Anthony Pisarski (London), Employment Senior Associate, Hannah Swift (London), Corporate Associates Oliver Wilson (London), Andrew Tyau (London) and Employment Associate Harasch Yakubi (Berlin).
Kirkland & Ellis acted as US Counsel to Celanese. Skadden acted as Counsel for DuPont.
The transaction is expected to close around the end of 2022.
Commenting on the transaction, Alexander said: " It has been a pleasure working with Celanese on this important acquisition, which will position it as the preeminent global specialty materials company. Our talented colleagues across the globe worked together seamlessly across borders with the Celanese teams to achieve our client's objectives."
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