Mutares SE & Co. KGaA (Mutares) has signed an agreement to acquire the Engineering Thermoplastics (ETP) business in the Americas and Europe from Saudi Basic Industries Corporation (SABIC). The transaction marks a major strategic step for Mutares, representing the largest acquisition in its history and laying the foundation for its new “Chemicals & Materials” segment.
The ETP Business holds a strong competitive position globally: it is the world’s second‑largest producer of PC, the leading ABS producer in the United States, and the sole US producer of PBT, reinforcing its relevance across key engineering thermoplastics categories.
Acting as Dutch legal counsel, our team supported Mutares throughout the transaction, drawing on our integrated expertise in corporate, regulatory, employment & pensions, tax and real estate. This cross-border, multidisciplinary approach ensured a seamless alignment of legal and tax considerations across jurisdictions.
Closing of the transaction remains subject to regulatory approvals.
