Mutares Launches Chemicals and Materials Segment with USD 450 Million SABIC Deal

Mutares Launches Chemicals and Materials Segment with USD 450 Million SABIC Deal

(IN BRIEF) Mutares has signed an agreement to acquire SABIC’s Engineering Thermoplastics business in Europe and the Americas for an enterprise value of USD 450 million. The deal, expected to close in H2 2026, represents Mutares’ largest acquisition to date and establishes a new Chemicals & Materials segment anchored by a USD 2.5 billion revenue platform with strong global market positions in advanced thermoplastics.

(PRESS RELEASE) MUNICH, 8-Jan-2026 — /EuropaWire/ — Mutares SE & Co. KGaA has entered into a definitive agreement to acquire the Engineering Thermoplastics operations of SABIC across the Americas and Europe, marking a transformational step in the group’s strategic development. The transaction, valued at an enterprise value of approximately USD 450 million, is expected to complete in the second half of 2026, subject to regulatory and customary approvals.

The acquisition represents the largest transaction in Mutares’ history by revenue and establishes a new strategic business vertical, Chemicals & Materials. Upon completion, the newly formed segment will be anchored by the Engineering Thermoplastics business and complemented by Mutares’ existing specialty chemicals activities, including Venator Ultramarine Blue Pigments.

The Engineering Thermoplastics business operates a large-scale, integrated international platform with production and compounding facilities located across Europe and the Americas. With resin production capacity of approximately 1,085 kilotonnes and compounding capacity of around 780 kilotonnes, the business employs roughly 2,900 people across eight manufacturing sites. Its portfolio includes high-performance materials such as polycarbonate, ABS and PBT, marketed under globally established brands including LEXAN™, CYCOLOY™, VALOX™ and CYCLOLAC™.

Generating annual revenues of approximately USD 2.5 billion, the business holds a strong competitive position across key engineering thermoplastics categories. It ranks as the world’s second-largest producer of polycarbonate, the leading ABS supplier in the United States, and the sole domestic producer of PBT in the U.S. Its customer base is well diversified, spanning automotive, building and construction, consumer goods, electrical and electronics, healthcare and industrial applications, with a balanced geographic revenue split between the Americas and Europe.

Mutares said the acquisition provides a robust foundation for building a scalable platform in advanced materials, leveraging the Engineering Thermoplastics business’ upstream integration, technical depth and innovation capabilities. The group intends to apply its operational transformation expertise to drive efficiency, accelerate growth and create long-term value within the new segment.

Abdulrahman Al‑Fageeh, Chief Executive Officer of SABIC, said the transaction supports SABIC’s portfolio optimisation strategy, adding that Mutares was selected through a competitive process to continue developing the business in its next phase.

Johannes Laumann, Chief Investment Officer of Mutares, described the agreement as a milestone for the group, highlighting both its scale and its role in launching the Chemicals & Materials segment, which is expected to become a new pillar of Mutares’ long-term growth strategy.

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SOURCE: Mutares