Element Solutions Inc Announces Completion of Sale of MacDermid Graphics Solutions
03 3월 2025 - 9:30PM
Business Wire
Element Solutions Inc (NYSE:ESI) (“Element Solutions”), a global
and diversified specialty chemical technology company, today
announced the close of the sale of its flexographic printing plate
business, MacDermid Graphics Solutions (“MGS”), to XSYS, a global
specialist provider in the flexographic printing industry, for an
enterprise value of approximately $325 million. An existing capital
loss should offset nearly all taxable gains from this transaction.
Net proceeds are expected to be used to further reduce leverage and
for general corporate purposes. The sale agreement was announced on
September 3, 2024.
President and Chief Executive Officer Benjamin Gliklich
commented, “This transaction improves Element Solutions’ portfolio
across all key metrics and leaves us with a balance sheet that is
as strong as it has been since we founded the company. We are
excited about the opportunities for value accretive capital
allocation ahead. On behalf of the Board and leadership team at
ESI, I would like to express my deep gratitude to the great team at
MGS who contributed meaningfully to our company for many years and
wish them the very best for their compelling next phase.”
About Element Solutions
Element Solutions Inc is a leading global specialty chemicals
company whose businesses supply a broad range of solutions that
enhance the performance of products people use every day. Developed
in multi-step technological processes, these innovative solutions
enable customers' manufacturing processes in several key
industries, including consumer electronics, power electronics,
semiconductor fabrication, communications and data storage
infrastructure, automotive systems, industrial surface finishing,
and offshore energy.
More information about the Company is available at
www.elementsolutionsinc.com.
Forward-Looking Statements
This press release contains forward-looking statements related
to, without limitation, the anticipated tax treatment and use of
proceeds of the transaction as well as opportunities for capital
allocation. These statements, based on information available as of
the current date, are believed to be reasonable, though are
inherently difficult to predict. Actual results could differ
materially from those projected as a result of certain factors,
such as factors included in Element Solutions’ public filings.
Element Solutions undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20250303638365/en/
Investor Relations Contact: Varun Gokarn Vice President,
Strategy and Finance Element Solutions Inc 1-203-952-0369
IR@elementsolutionsinc.com
Media Contact: Scott Bisang / Ed Hammond / Tali Epstein
Collected Strategies 1-212-379-2072 esi@collectedstrategies.com
Element Solutions (NYSE:ESI)
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부터 2월(2) 2025 으로 3월(3) 2025
Element Solutions (NYSE:ESI)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025
