SABIC Thermoplastics Business acquired by Mutares

SABIC executed its full divestment of the regional Engineering Thermoplastics (ETP) business across the Americas and Europe through a definitive sale agreement entered into with Mutares. The transaction closed on the basis of an enterprise value of . For the Saudi chemical vendor, this agreement marks a core execution step in the corporate portfolio optimization program launched in 2022 under the leadership of chief executive Abdulrahman Al-Fageeh and executive director Dr. Faisal M. Alfaqeer. The divestment separates structurally loss-making operations that recorded operating losses of $498 million in 2025 and $173 million during the first half of 2026, enabling SABIC to expand its reported group EBITDA margin by 130 to 140 basis points. For the Munich-based acquirer, this acquisition represents the largest corporate transaction in its operating history, taking over an industrial perimeter posting annual commercial revenues of . Rebranded as NexPoint Materials, the acquired operating business encompasses 2,800 employees and eight chemical production sites located across the Americas (66% of sales) and Europe (34% of sales), operating an installed capacity of 1,085 kilotons of resin production and 780 kilotons of compounding lines. These manufacturing volumes position the target as the world's second-largest producer of polycarbonates, while establishing it as the leading domestic producer of ABS in the United States and the sole domestic manufacturer of PBT resin. Supervised by Johannes Laumann, chief investment officer of Mutares, the target serves as the cornerstone of the holding's newly created Chemicals & Materials segment, which also incorporates pigment manufacturer Venator Ultramarine Blue Pigments acquired earlier that year. The commercial end markets of the enlarged industrial group comprise automotive tiers (39%), building and construction (20%), consumer goods (17%), electrical and electronics (10%), and medical devices (3%). The post-closing operational plan focuses on rebuilding operating profitability by utilizing upstream synthesis integration alongside legacy brand lines LEXAN, CYCOLOY, VALOX, and CYCLOLAC across international plastics processors.