Solstice Advanced Materials to Buy Element Solutions for More Than $12 Billion

Solstice Advanced Materials to Acquire Element Solutions, Creating an Industry-Leading Advanced Materials Platform Aligned to Serving Attractive Secular Growth Markets

July 6 : Honeywell spinoff Solstice Advanced Materials said it will buy peer specialty chemical company Element Solutions in a $14.5 billion deal, as it seeks to capitalize on…

Solstice Advanced Materials to Buy Element Solutions for More Than $12 Billion

Solstice Advanced Materials to Buy Element Solutions for More Than $12 Billion

Solstice (SOLS) buys Element Solutions (ESI) for $14.5B. Stock drops post-announcement. Get the full cash-and-stock deal details.

Solstice CEO David Sewell said the company's acquisition of Element Solutions creates a "world-leading" supplier of advanced materials.

The Element Solutions deal aligns with the data center cooling supplier’s electronics growth strategy, which includes formulation and research and development.