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Celanese (CE) Wraps Up Acquisition of Omni Plastics L.L.C.
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Celanese Corporation (CE - Free Report) has wrapped up its earlier announced buyout of Omni Plastics L.L.C. and its subsidiaries, including the distributor Resinal de Mexico. Financial terms of the deal were not disclosed by the company.
Omni Plastics specializes in custom compounding of various engineered thermoplastic materials, which is a material of choice in various markets including electrical and electronics, automotive, industrial and consumer goods.
The buyout reinforces Celanese’s global asset base by adding compounding capacity in the Americas, which will allow the company to continue supporting a diverse and growing customer base.
Celanese said that it will integrate the Omni Plastics thermoplastic compounding product portfolio and production capabilities into its engineered materials business.
Celanese’s shares have moved up 19.4% over a year, modestly underperforming the industry’s 19.7% gain.
Celanese kept its earnings streak alive with a beat in fourth-quarter 2017. The company’s strategic measures including operational cost savings through productivity actions and pricing initiatives are likely to lend support to its earnings in 2018.
Celanese, in its fourth-quarter call, said that it expects the Advanced Engineered Materials pipeline model to evolve into an increased level of project volume and its Acetyl Chain unit to continue the momentum from its improved model. In 2018, Celanese expects adjusted earnings to grow in the 10-14% range with more growth to be witnessed in the first half of the year.
Better-ranked companies in the basic materials space include are Steel Dynamics, Inc. (STLD - Free Report) , Methanex Corporation (MEOH - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
Steel Dynamics, sporting a Zacks Rank #1 (Strong Buy), has an expected long-term earnings growth rate of 12%. Its shares have soared around 30% in a year’s time. You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex, also a Zacks Rank #1 stock, has an expected long-term earnings growth rate of 15%. Its shares have rallied roughly 20% over a year.
Air Products, a Zacks Rank #2 (Buy) stock, has an expected long-term earnings growth rate of 14.1%. Its shares rallied around 17% over a year.
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Celanese (CE) Wraps Up Acquisition of Omni Plastics L.L.C.
Celanese Corporation (CE - Free Report) has wrapped up its earlier announced buyout of Omni Plastics L.L.C. and its subsidiaries, including the distributor Resinal de Mexico. Financial terms of the deal were not disclosed by the company.
Omni Plastics specializes in custom compounding of various engineered thermoplastic materials, which is a material of choice in various markets including electrical and electronics, automotive, industrial and consumer goods.
The buyout reinforces Celanese’s global asset base by adding compounding capacity in the Americas, which will allow the company to continue supporting a diverse and growing customer base.
Celanese said that it will integrate the Omni Plastics thermoplastic compounding product portfolio and production capabilities into its engineered materials business.
Celanese’s shares have moved up 19.4% over a year, modestly underperforming the industry’s 19.7% gain.
Celanese kept its earnings streak alive with a beat in fourth-quarter 2017. The company’s strategic measures including operational cost savings through productivity actions and pricing initiatives are likely to lend support to its earnings in 2018.
Celanese, in its fourth-quarter call, said that it expects the Advanced Engineered Materials pipeline model to evolve into an increased level of project volume and its Acetyl Chain unit to continue the momentum from its improved model. In 2018, Celanese expects adjusted earnings to grow in the 10-14% range with more growth to be witnessed in the first half of the year.
Celanese is a Zacks Rank #3 (Hold) stock.
Celanese Corporation Price and Consensus
Celanese Corporation Price and Consensus | Celanese Corporation Quote
Stocks to Consider
Better-ranked companies in the basic materials space include are Steel Dynamics, Inc. (STLD - Free Report) , Methanex Corporation (MEOH - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
Steel Dynamics, sporting a Zacks Rank #1 (Strong Buy), has an expected long-term earnings growth rate of 12%. Its shares have soared around 30% in a year’s time. You can see the complete list of today’s Zacks #1 Rank stocks here.
Methanex, also a Zacks Rank #1 stock, has an expected long-term earnings growth rate of 15%. Its shares have rallied roughly 20% over a year.
Air Products, a Zacks Rank #2 (Buy) stock, has an expected long-term earnings growth rate of 14.1%. Its shares rallied around 17% over a year.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>