Mutares, the German private‑equity group, is moving beyond its European roots to deepen ties in the United States. After snapping up Sabic’s Americas and Europe ETP arm, the firm now eyes a Houston office as part of a broader strategy to tap the country’s chemical market. The move signals a shift toward on‑shore investment activity.

CIO Johannes Laumann told PE Hub that the company’s expansion plans are “relatively concrete.” A Houston base would give Mutares a foothold in the Gulf Coast, while a future office in Charlotte or Miami could cover the East Coast. The firm’s model, he said, fits the volatility of today’s geopolitical climate.

The Houston decision follows a successful acquisition that bolstered Mutares’ presence in the U.S. chemical sector. By owning Sabic’s ETP business, the group now controls a pipeline of feedstock and product manufacturing that spans North America. This vertical reach offers investors a more integrated risk profile.

Mutares’ push into Houston underscores a broader trend of European private‑equity firms seeking on‑shore footholds amid shifting supply chains. The firm’s strategic positioning could reshape capital flows into U.S. petrochemicals, potentially driving higher valuations for local assets. Investors will watch how the new office translates into deal activity.