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

Honeywell spinoff Solstice is in talks to merge with Element Solutions in a deal that would create a $27bn specialty-materials group, the FT reports.

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