Element Solutions Inc Acquires EFC Gases & Advanced Materials

Frontenac Acquires EFC International

November 3, 2021

Industrial Services

Chicago-based private equity firm Frontenac has acquired EFC International, a St. Louis-headquartered value-added distributor of highly engineered fasteners and specialty components. Financial terms were not disclosed; CEO Matt Dudenhoeffer and the executive team will remain in place as Frontenac supports EFC's organic and inorganic expansion plans following a sale by prior sponsor Quad-C Management.

Element Solutions Completes $450 Million Acquisition of Micromax from Celanese

February 2, 2026

Manufacturing

Element Solutions Inc. (NYSE: ESI) completed its previously announced acquisition of Micromax from Celanese for approximately $450 million (cash proceeds around $500 million to Celanese, subject to adjustments). The deal was integrated into ESI’s Electronics segment, with Micromax joining the MacDermid Alpha Electronics Solutions business, following regulatory conditions and customary closing steps.

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.

Technip Energies Completes $556 Million Acquisition of Ecovyst Advanced Materials & Catalysts Business

January 3, 2026

Industrial Services

Technip Energies has completed its $556 million acquisition of Ecovyst’s Advanced Materials & Catalysts (AM&C) business. The deal adds a specialty catalysts and advanced materials platform (including Advanced Silicas and Zeolyst International) and brings 330 employees to Technip Energies, with AM&C continuing under existing leadership across facilities in the U.S. and Europe.

Element Solutions Inc Acquires HSO Herbert Schmidt GmbH & Co. KG

January 27, 2022

Manufacturing

Element Solutions Inc (NYSE: ESI) has acquired HSO Herbert Schmidt GmbH & Co. KG, a Solingen, Germany–based developer and manufacturer of specialized surface finishing technologies and chemistries, including plating-on-plastics solutions. The tuck-in acquisition will be reported in Element Solutions' Industrial & Specialty segment and expands the company's capabilities in sustainable surface finishing for end markets such as automotive and industrial manufacturing.

Element Materials Technology Acquires Energy Assurance

April 21, 2022

Industrial Services

Element Materials Technology has acquired Energy Assurance, a Gainesville, Georgia-based independent battery testing operator, to expand its battery testing capabilities and lab capacity in North America. The acquisition adds EA’s performance, safety, regulatory and abuse testing services (including >3,000 cycling channels and 200+ environmental chambers) to Element’s global network to support growth in EVs, energy storage and connected device markets.