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Celanese sells Trespaphan business

Celanese is to sell its Trespaphan global OPP film business to a consortium consisting of Dor-Moplefan and private investment firm Bain Capital for approximately €200M. The deal is due to be completed by the end of the year.

In 2001, Trespaphan generated sales of €281M. The business has 1,400 employees and four production sites in Germany, France, South Africa and Mexico. Netherlands based Dor-Moplefan also produces PP films. It recently acquired Australian PP supplier Shorko.

More information from: WEBSITE: www.celanese.com. Further information on Dor-Moplefan can be found at www.moplefan.com