Celanese Completes Acquisition of SO.F.TER. Group

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Extends global engineered materials leadership position; expands ETP
and TPE portfolio through acquisition of leading producer

DALLAS & FORLI, Italy–(BUSINESS WIRE)–
Celanese Corporation (NYSE: CE), a global technology and specialty
materials company, today announced it has completed the transaction to
acquire the Forli, Italy based SO.F.TER. Group, one of the world’s
largest independent thermoplastic compounders.

Celanese has acquired SO.F.TER. Group’s comprehensive product portfolio
of engineering thermoplastics (ETPs), thermoplastic elastomers (TPEs),
as well as all customer agreements and all manufacturing, technology and
commercial facilities.

The acquisition nearly doubles the number of Celanese global engineered
materials product platforms and further extends Celanese’s world-class
operational model, technical and industry solutions capabilities, and
project pipeline.

“This extended portfolio – complementary to our global engineered
materials business – will be integrated with Celanese’s materials
capabilities and operational model to increase opportunities for
engaging customers across highly diverse application areas where
functionality and design freedom are critical to material selection,”
said Scott Sutton, Celanese executive vice president and president of
Materials Solutions. “Additionally, SO.F.TER. Group’s sophisticated and
modern manufacturing facilities and product portfolio provide a vehicle
for additional growth, investment and synergies.”

Financial details of the transaction were not disclosed. Celanese
announced
its agreement to acquire SO.F.TER. Group in October 2016.

About Celanese

Celanese Corporation is a global technology leader in the production
of differentiated chemistry solutions and specialty materials used in
most major industries and consumer applications. Our two complementary
business cores, Acetyl Chain and Materials Solutions, use the full
breadth of Celanese’s global chemistry, technology and business
expertise to create value for our customers and the corporation. As we
partner with our customers to solve their most critical business needs,
we strive to make a positive impact on our communities and the world
through The Celanese Foundation. Based in Dallas, Celanese employs
approximately 7,000 employees worldwide and had 2015 net sales of $5.7
billion. For more information about Celanese and our product offerings,
visit
www.celanese.com
or our blog at
www.celaneseblog.com.

All registered trademarks are owned by Celanese International
Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include
information concerning the company’s plans, objectives, goals,
strategies, future revenues or performance, capital expenditures and
other information that is not historical information. When used in this
release, the words “outlook,” “forecast,” “estimates,” “expects,”
“anticipates,” “projects,” “plans,” “intends,” “believes,” and
variations of such words or similar expressions are intended to identify
forward-looking statements. All forward-looking statements are based
upon current expectations and beliefs and various assumptions, including
the announced stock purchase transaction. There can be no assurance that
the company or its customers will realize these benefits or that these
expectations will prove correct. There are a number of risks and
uncertainties that could cause actual results to differ materially from
the forward-looking statements contained in this release, including with
respect to the acquisition. Numerous factors, many of which are beyond
the company’s control, could cause actual results to differ materially
from those expressed as forward-looking statements. Other risk factors
include those that are discussed in the company’s filings with the
Securities and Exchange Commission. Any forward-looking statement speaks
only as of the date on which it is made, and the company undertakes no
obligation to update any forward-looking statements to reflect events or
circumstances after the date on which it is made or to reflect the
occurrence of anticipated or unanticipated events or circumstances.

Celanese Corporation
Investor Relations
Surabhi
Varshney, +1-972-443-3078
surabhi.varshney@celanese.com
or
Media
Relations – Global

W. Travis Jacobsen, +1-972-443-3750
william.jacobsen@celanese.com
or
Media
Relations Asia (Shanghai)

Helen Zhang, +86 21 3861 9279
lan.zhang@celanese.com
or
Media
Relations Europe (Germany)

Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com

Source: Celanese Corporation