Business
Celanese Completes Divestiture of Micromax® Business
DALLAS, February 02, 2026--Celanese Completes Divestiture of Micromax® Business
About this update from Celanese Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":790,"height":240,"url":"https://media.zenfs.com/en/business-wire.com/ef611641e382c94ef2f1b4a40ee4288a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/o8g01wPfPD_yb4B.qfFdTA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI5MjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/ef611641e382c94ef2f1b4a40ee4288a","width":790,"height":240},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/BUf8wiO_c0YAxNkyIP_pCQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTE1ODA7aD00ODA7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/ef611641e382c94ef2f1b4a40ee4288a","width":790,"height":240}},"lazy":false},{"type":"text","content":"DALLAS, February 02, 2026--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that it has completed the divestiture of the Micromax® business to Element Solutions Inc (NYSE: ESI). Celanese received approximately $500 million in cash from the transaction, and the proceeds will be deployed to support the Company’s deleveraging efforts.","length":401,"tagName":"p"},{"type":"text","content":""We are pleased to have completed the divestiture of the Micromax business in a value-accretive way that strengthens our balance sheet," said Scott Richardson, President and Chief Executive Officer of Celanese. "This transaction represents our commitment to advancing our strategic priorities of cash generation and deleveraging, while enabling the Micromax team to continue building on its strong foundation as part of Element Solutions."","length":459,"tagName":"p"},{"type":"text","content":"About Celanese","length":14,"tagName":"p"},{"type":"text","content":"Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that ...