M&A Deal Summary

Element Solutions Acquires Kester

On December 3, 2019, Element Solutions acquired electrical equipment company Kester from ITW for 68M USD

Acquisition Highlights
  • This is Element Solutions’ 1st transaction in the Electrical Equipment sector.
  • This is Element Solutions’ 6th largest (disclosed) transaction.
  • This is Element Solutions’ 4th transaction in the United States.
  • This is Element Solutions’ 1st transaction in Illinois.

M&A Deal Summary
Date 2019-12-03
Target Kester
Sector Electrical Equipment
Buyer(s) Element Solutions
Sellers(s) ITW
Deal Type Divestiture
Deal Value 68M USD

Target

Kester

Itasca, Illinois, United States
Kester, Inc. is a provider of assembly materials to the electronic assembly, component and micro-electronic marketplaces. Kester products include an array of basic and high-tech attachment materials including traditional soldering chemicals, bar, and wire solder and paste products. Kester, Inc. was founded in 1899 and is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

Element Solutions

Fort Lauderdale, Florida, United States
Category Company
Founded 1785
Sector Chemicals
Employees5,300
Revenue 2.3B USD (2023)
DESCRIPTION

Element Solutions is a diversified producer of high-technology specialty chemical products and provider of technical services. Element Solutions was incorporated in 1785 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 6 of 11
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 3 of 3
State (Illinois) 1 of 2
Country (United States) 4 of 6
Year (2019) 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-20 Arysta LifeScience

Chuo-Ku, Japan

Arysta LifeScience is an agrochemicals and pharmaceuticals company that produces a range of insecticides, fungicides and herbicides as well as a number of products for the healthcare and veterinary medicine markets. Arysta LifeScience was founded in 2001 and is based in Chuo-Ku, Japan.

Sell $4.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Industrial Water Treatment Solutions

Harvey, Illinois, United States

Industrial Water Treatment Solutions Corp. is a manufacturer and distributor of proprietary and innovative chemical products for the industrial water services market. Industrial Water Treatment Solutions was established in 2012 and is based in Harvey, Illinois.

Buy -

Seller(S) 1

SELLER

ITW

Glenview, Illinois, United States
Category Company
Founded 1912
Sector Manufacturing
Employees45,000
Revenue 16.1B USD (2023)
DESCRIPTION
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.
Entrance to Illinois Tool Works' corporate headquarters in Glenview, Illinois.

ITW is a manufacturer of a range of value-adding and short lead-time industrial products and equipment. ITW was founded in 1912 and is based in Glenview, Illinois.

DEAL STATS #
Overall 13 of 14
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 12 of 13
State (Illinois) 3 of 3
Country (United States) 11 of 12
Year (2019) 3 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 ITW Insulation Systems

Houston, Texas, United States

ITW Insulation Systems, Inc. is a provider of mechanical pipe insulation, vapor retarder and metal jacketing products designed to meet specifications for a wide range of commercial and industrial pipe and equipment projects. ITW Insulation Systems was founded in 2006 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 MTS Systems - Test & Simulation Business

Wallingford, Connecticut, United States

MTS Testing and Simulation is a highly innovative, customer-focused solution that can help bring them to life with speed, efficiency, and confidence.

Buy -
Mergr

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