Solstice Advanced Materials to Acquire Element Solutions for Over $12 Billion
The deal, valued at more than $12 billion, combines two specialty chemicals makers.
Solstice Advanced Materials has entered into an agreement to purchase Element Solutions, a producer of specialty chemicals, in a transaction valued at over $12 billion. The acquisition will be a combination of cash and stock.
Element Solutions specializes in materials used in semiconductor manufacturing, life sciences, and industrial applications. Solstice Advanced Materials focuses on advanced materials for various technology sectors. The combined entity aims to leverage synergies and expand its market reach in the specialty chemicals industry.
Further details regarding the structure of the deal and expected integration timelines were not immediately disclosed. The transaction is subject to customary closing conditions and regulatory approvals.