Jinan Acetate to Acquire Cerdia from Blackstone for $368 Million

Key Facts

1Jinan Acetate Chemical agreed to acquire Cerdia Holding from a Blackstone fund for approximately $368 million.

2The transaction involves both cash and stock, aiming to create a dual supply system and expand the Chinese firm's global footprint.

In a move reflecting ongoing consolidation within the specialty materials sector, Jinan Acetate Chemical has announced an agreement to acquire Cerdia Holding. According to reports, the Chinese firm will purchase Cerdia from a fund managed by Blackstone for approximately $368 million. The transaction involves a combination of cash and stock, aiming to establish a dual supply system and strengthen the acquirer's global market presence.

This deal serves as a strategic exit for Blackstone from the specialty chemicals space, representing a mid-cap divestiture for the global investment giant. Per market data, Blackstone (BX) shares closed at $124.96 on September 18, 2026, having traded between a day low of $122.83 and a high of $125.17. These figures highlight the firm's market positioning ahead of the formal announcement regarding the Cerdia sale.

Operationally, Jinan Acetate intends to utilize this acquisition to build cross-continental supply chains by integrating Cerdia's cellulose acetate tow manufacturing capabilities. With BX priced at $124.96 (close September 18, 2026), investors are monitoring how such divestitures impact the firm's private equity portfolio. According to the economic calendar, there are no immediate upcoming catalysts for these specific entities, leaving the focus on regulatory closing milestones.