Celanese Corporation Sells Micromax® Portfolio to Element Solutions for $500 Million

"Kirkland & Ellis advised Celanese Corporation on the sale of its Micromax® product portfolio to Element Solutions Inc. for approximately $500 million in cash. The transaction is expected to close in the first quarter of 2026, pending regulatory approvals and standard closing conditions."

Kirkland & Ellis represented Celanese Corporation in its divestment of the Micromax® portfolio of products to Element Solutions Inc. Under the terms of the agreement, Celanese is set to receive approximately $500 million in cash, subject to adjustments, with the transaction expected to close in the first quarter of 2026, pending certain regulatory approvals and customary closing conditions. The Kirkland team involved in this transaction included corporate lawyers David Feirstein, Jennifer Gasser, Haley Vincent, Dani Blain, and Adam Pile; tax lawyers Benjamin Schreiner, Rachel Malhiet, and Liam Underwood; technology & IP transactions lawyers Dan Lewis, Todd Herst, and Camilo Mesa; and environmental transactions lawyers Michelle Sliwinski DeMaio and Carter Vella.

Celanese Corporation Sells Micromax® Portfolio to Element Solutions for $500 Million

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