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Mutares Closes Thermoplastics Carve Out from SABIC

peprofessional

5 months ago

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Munich-headquartered private equity firm Mutares has agreed to acquire the Engineering Thermoplastics (ETP) business in the Americas and Europe from SABIC for $450 million. The transaction, expected to close in the second half of 2026, is the largest acquisition in Mutares’ history by revenue and establishes a new Chemicals & Materials segment.
The ETP business generates about $2.5 billion in annual revenue, employs roughly 2,900 people, and operates eight production facilities across the Am...

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