Willkie advised Mutares SE & Co. KGaA on its acquisition of the Engineering Thermoplastics Business in the Americas and Europe from SABIC for an enterprise value of $450 million. The Engineering Thermoplastics Business operates a broad international platform with approximately 2,900 full-time employees and eight producing facilities across the Americas and Europe. It is the world’s second-largest producer of polycarbonates, the leading producer of acrylonitrile butadiene styrene in the United States, and the sole producer of polybutylene terephthalate in the United States. The transaction is expected to close in the second half of 2026, subject to customary approvals. Mutares, headquartered in Munich, is a listed private equity holding company focused on special situations. The Willkie team was led by partners Dr. Kamyar Abrar, Georg Linde, Dr. Florian Dendl, Esther Chang, Ryan Giggs and Simon Weiss.