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.