M&A Deal Summary

Element Solutions Acquires Micromax

On October 28, 2025, Element Solutions acquired chemicals company Micromax from Celanese for 500M USD

Acquisition Highlights
  • This is Element Solutions’ 8th transaction in the Chemicals sector.
  • This is Element Solutions’ 5th largest (disclosed) transaction.
  • This is Element Solutions’ 7th transaction in the United States.
  • This is Element Solutions’ 1st transaction in Texas.

M&A Deal Summary

Date 2025-10-28
Target Micromax
Sector Chemicals
Buyer(s) Element Solutions
Sellers(s) Celanese
Deal Type Divestiture
Deal Value 500M USD

Target

Micromax

Irving, Texas, United States
Micromax is a provider of advanced electronics inks and pastes designed for high-performance electronics and known for durability, flexibility, and performance in harsh environments. Micromax is based in Irving, Texas.

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Buyer(S) 1

Buyer

Element Solutions

Fort Lauderdale, Florida, United States

Category Company
Founded 1785
Sector Chemicals
Employees5,300
Revenue 2.5B USD (2024)
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 12 of 13
Sector: Chemicals M&A 8 of 9
Type: Divestiture M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 7 of 8
Year: 2025 M&A 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 MacDermid Graphics Solutions

United States

MacDermid Graphics Solutions provides flexographic printing plate services.

Sell $325M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-04 EFC Gases & Advanced Materials

Hopkinton, Massachusetts, United States

EFC Gases & Advanced Materials supplies high-purity specialty and rare gases, halocarbons, hydrocarbons, and other advanced materials to industries including semiconductor fabrication, aerospace propulsion, lighting manufacturing, and window-insulation manufacturing. The Company also offers recovery and recycling services for spent gases and designs custom gas-handling systems. EFC Gases & Advanced Materials is based in Hopkinton, Massachusetts.

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Seller(S) 1

SELLER

Celanese

Irving, Texas, United States

Category Company
Founded 1918
Sector Chemicals
Employees12,163
Revenue 10.3B USD (2024)
DESCRIPTION
Entrance to Celanese's corporate headquarters in Irving, Texas.
Entrance to Celanese's corporate headquarters in Irving, Texas.

Celanese is a technology and specialty materials company. Celanese producer of acetyl products for nearly all major industries, as well as a global producer of high-performance engineered polymers that are used in a variety of high-value applications. The Company's product portfolio serves a diverse set of end-use applications including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. Celanese was formed in 1918 and is based in Irving, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 DuPont s Mobility & Materials Business

Wilmington, Delaware, United States

DuPont's Mobility & Materials (“M&M”) Business is a producer of engineering thermoplastics and elastomers serving a variety of end-uses including automotive, electrical and electronics, consumer goods, and industrial applications. The M&M product portfolio includes numerous specialty materials with global leadership positions in nylons (PA 66, PA 6), specialty nylons (HPPA, LCPA, filaments), polyesters (PET and PBT), and elastomers (TPC and EAE). The M&M portfolio is highly functionalized to meet a wide variety of application specifications and is supported by a leading intellectual property portfolio and technology organization.

Buy $11M