Lone Star Funds-backed XSYS to acquire MacDermid Graphics Solutions from Element Solutions.

Lone Star Funds-backed XSYS, a global specialist provider in the flexographic printing industry, agreed to acquire MacDermid Graphics Solutions, a flexographic printing plate company, from Element Solutions, a global and diversified specialty chemicals company. Financial terms were not disclosed. “MacDermid Graphics is a quality business that is non-core to Element Solutions’ portfolio and long-term vision. XSYS represents a great home for its excellent team. Our portfolio going forward will be more focused and better positioned for even faster growth and greater cash flow conversion with a stronger balance sheet to pursue future growth opportunities in our core markets,” Benjamin Gliklich, Element Solutions President and CEO.