Mutares plans to acquire the Engineering Thermoplastics Business from SABIC for $450 million, marking its largest transaction to date.

Information on the Target

Mutares has entered into an agreement to acquire the Engineering Thermoplastics Business from SABIC, with an enterprise value of $450 million. This transaction marks a significant milestone for Mutares, being the largest acquisition in the company's history in terms of revenue.

The Engineering Thermoplastics Business generates approximately $2.5 billion in annual revenues and has a robust international production platform comprising eight sites across the Americas and Europe. The business boasts a resin production capacity of around 1,085 kilotonnes and compounding capacity of 780 kilotonnes, employing approximately 2,900 full-time staff members.

Industry Overview in the Target’s Specific Country

The engineering thermoplastics market is experiencing significant growth due to the increasing demand for lightweight and durable materials across various industries, including automoti