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Dive Brief:
Solstice Advanced Materials entered an agreement on Monday to acquire specialty chemicals maker Element Solutions for about $14.5 billion in cash and stock.
The deal will combine Element’s electronics-focused specialty materials offerings, formulation and technical service capabilities and technology portfolio with Solstice’s chemistry, development and refrigerant products, according to a press release.
The combined company would also have had estimated full-year 2025 net sales of approximately $6.8 billion and an adjusted EBITDA margin at 26%. Cost savings of over $180 million are expected by the third year after closing, which is expected to occur in the first half of 2027.
