Announced
Completed
Financials
Tags
silicone elastomer
Specialty Chemicals
Friendly
Acquisition
Single Bidder
Majority
China
resins material
Private
Completed
Cross Border
Synopsis
Elkem, a supplier of silicon-based advanced materials, completed the acquisition of Polysil, a silicone elastomer and resins material manufacturer with strong positions in baby care and food grade silicones, for $135m. “We are continuing to deliver on our growth and specialization strategy. Acquiring Polysil will strengthen our position in selected specialized silicones segments in China. There are considerable synergies in leveraging Elkem’s upstream capabilities to supply raw materials and intermediates, and in combining both the product portfolio and the domestic and global market positions of Polysil and Elkem,” Michael Koenig, Elkem CEO.
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