Solstice Advanced Materials (SOLS) announced a definitive agreement to acquire Element Solutions (ESI) for approximately $14.5 billion, including net debt. This cash-and-stock transaction is designed to create an industry-leading advanced materials platform with expanded exposure to high-growth markets such as electronics, AI infrastructure, and data center cooling.
Key Details
- Transaction Terms: Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of SOLS common stock per share, implying a value of approximately $50.10 per share.
- Financial Impact: The deal is expected to be accretive to adjusted EPS in the first year. The combined company projects approximately $6.8 billion in 2025 net sales and anticipates over $180 million in net synergies by the third year post-closing.
- Ownership & Timeline: Upon closing, current Element Solutions shareholders will own approximately 44% of the combined company. The transaction is expected to close in the first half of 2027, subject to shareholder and regulatory approvals.