Element Solutions Inc. Acquires Micromax

By Chris Stiles • Tuesday, February 03 15:27 • Permanent Link

Element Solutions Inc. (NYSE: ESI) has recently announced the completion of its acquisition of Micromax, a move that is expected to contribute to the company's growth. Micromax, which saw high-single digit organic revenue growth in 2025, is now a part of Element Solutions' electronics portfolio.

The acquisition was funded through a $450 million add-on to Element Solutions' existing senior secured term loan B due 2030, in addition to a new 5-year $500 million revolving credit facility. This upsized the company's prior revolving facility by $125 million and extended its maturity to 2031.

This news comes on the heels of a record year for Element Solutions. The company, which is a leading global specialty chemicals company, provides solutions that enhance the performance of products in various industries, including consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing, and offshore energy.

Today the company's shares have moved 0.34% to a price of $29.48. For the full picture, make sure to review Element Solutions Inc's 8-K report.

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