Solstice Advanced Materials agreed to acquire Element Solutions Inc. in a cash-and-stock deal valued at approximately $14.5 billion, including debt. The transaction occurs less than a year after Solstice spun off from Honeywell in late 2025. This acquisition aims to expand the company’s presence in high-growth markets.
Element Solutions shareholders will receive $10.00 in cash and 0.500 Solstice shares for each share held. The offer represents a 15% premium over Element’s closing price on July 2, 2026. The merger combines Solstice’s thermal management products with Element’s specialty chemicals. The new entity targets the electronics, semiconductor, and AI infrastructure industries.
Boards of both companies unanimously approved the deal. The transaction is expected to close in the first half of 2027, pending shareholder and regulatory approvals. The combined company will operate under the Solstice name. Element shareholders will own approximately 44% of the combined entity.