Element  Solutions to acquire Micromax from Celanese for $500 m.

Element  Solutions, a company operating in the specialty chemical and electronic materials sector, agreed to acquire Micromax, a business focused on advanced electronics inks and pastes for high‑performance and harsh‑environment applications, from Celanese, a producer of acetic acid and its downstream derivative chemicals, for $500 m. “Micromax is a great fit, enhancing our Electronics business’ customer value proposition and the breadth of high-value solutions we can offer to our supply chain. While operating in different segments than our MacDermid Alpha Electronics Solutions Business, Micromax is similar in that it is a leader in its focus areas which are also reliant on products co-developed with customers and that require high levels of applications expertise. Its product portfolio aligns with our core competencies in formulations capability and metals expertise with a high-touch, low capital intensity operating model. Equally importantly, the business brings a proven team of experienced, highly technical leaders in adjacent electronics materials segments. Following this transaction, our Electronics segment will boast one of the broadest product portfolios across the electronics supply chain with sales of approximately $2bn,” Benjamin Gliklich, Element Solutions Chief Executive Officer.