Element Solutions Completes Acquisition of Micromax From Celanese

Celanese Completes Acquisition of DuPont Mobility & Materials Business

November 1, 2022

Manufacturing

Celanese Corporation completed its acquisition of the majority of DuPont’s Mobility & Materials (M&M) business for $11.0 billion in cash. The deal adds engineered thermoplastics and elastomers, brands/IP, and global production assets, with expected run-rate synergies of about $450 million.

Teledyne Completes Acquisition of Micropac Industries

December 30, 2024

Industrial Services

Teledyne Technologies completed the previously announced merger/acquisition of Micropac Industries via a wholly-owned subsidiary. Micropac stockholders received $20.00 per share in cash, valuing the transaction at approximately $57.3 million, including Micropac’s net debt as of August 24, 2024.

Element Materials Technology Acquires Nanosyn

October 11, 2021

Pharmaceuticals

Element Materials Technology acquired Nanosyn, a San Francisco Bay Area-based contract development and manufacturing organization (CDMO) focused on drug discovery and small-batch API manufacturing, to strengthen Element’s pharmaceuticals and biopharmaceutical services in North America. Nanosyn operates three Bay Area facilities and has a team of more than 75 scientists, and the deal expands Element’s end-to-end life sciences capabilities from discovery through clinical development and regulatory support.

Temasek Acquires Element Materials Technology from Bridgepoint

January 25, 2022

Industrial Services

Temasek has completed the acquisition of Element Materials Technology, a global testing, inspection and certification (TIC) group, from private equity owner Bridgepoint. Headquartered in London with over 7,000 employees and annual revenues above $1 billion, Element will partner with Temasek to accelerate growth and deepen capabilities in high-growth end-markets such as life sciences and connected technologies.

Element Solutions Inc Acquires Coventya from Silverfleet Capital

June 11, 2021

Manufacturing

Element Solutions Inc has agreed to acquire Coventya, a France-headquartered specialty chemicals manufacturer focused on surface treatment, from private equity firm Silverfleet Capital. The sale — subject to regulatory approvals and expected to close in Q3/Q4 2021 — generates a reported c.2.5x gross money multiple for Silverfleet; Coventya employs around 700 people and was forecast to generate roughly €160 million of revenue in 2021.

Element Materials Technology Acquires JMI Laboratories

January 14, 2022

Healthcare Services

Element Materials Technology has acquired JMI Laboratories, a North Liberty, Iowa-based microbiology and molecular testing provider known for its SENTRY Antimicrobial Surveillance Program. The acquisition is an add-on to Element's life sciences buildout, expanding its pharmaceutical and biopharmaceutical testing capabilities across North America and Europe.