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Element Solutions

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Element Solutions Inc
FormerlyPlatform Specialty Products Corporation (2013–2019)
Company typePublic company
S&P 600 component
Founded2013; 12 years ago (2013)
FounderMartin E. Franklin
Headquarters500 East Broward Blvd.,
Fort Lauderdale, Florida[1]
,
U.S.
Key people
Benjamin Gliklich, CEO[2]
ProductsSpecialty Chemicals, technical services[1]
Revenue
  • Increase US$2.46 billion (2024)
Number of employees
5,300[3] (2024)
Websiteelementsolutionsinc.com

Element Solutions Inc is an American specialty chemicals production corporation listed on the New York Stock Exchange.[4][5]

History

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The corporation was founded in 2013 by Martin E. Franklin, with financial backing from Bill Ackman.[6]

In July, 2018, United Phosphorus Limited announced the acquisition of Arysta Life Sciences, the Crop business of Platform Specialty Chemicals for a total sum of $4.2 billion, with the latter exiting the crop business entirely.[7] In 2019, the company changed its name to Element Solutions Inc. from Platform Specialty Chemicals.[8] It is now listed as ESI on the New York Stock Exchange.[2][5]

In March 2025, Element Solutions was added to the S&P SmallCap 600 Index.[9]

Operations

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Element Solutions manufactures and supplies specialty chemicals for a broad range of solutions, including mobile phones, consumer electronics, communication infrastructure, automobile, industrial surface finishing, consumer packaging and offshore oil production and drilling.[10][11]

Element Solutions operates in two segments: Electronics and Industrial & Specialty.

The Electronics segment researches, formulates and sells specialty chemicals and material process technologies for all types of electronics hardware, including complex printed circuit board designs and advanced semiconductor packaging. The Company’s wet chemistries for metallization, surface treatments and solderable finishes are leveraged in the electronics manufacturing process in mobile communications, computers, automobiles and aerospace equipment.

The Industrial & Specialty segment researches, formulates and sells specialty chemicals and material process technologies that enhance surfaces or improve industrial processes. The products include chemical systems that protect and decorate metal and plastic surfaces, and chemistries used in water-based hydraulic control fluids for offshore energy productions.

The Company owns a number of subsidiaries, which go to market under different brands, including MacDermid Enthone, MacDermid Offshore Solutions, MacDermid Alpha Electronics Solutions, Compugraphics, Fernox, Electrolube and Kester.

Element Solutions has 63 manufacturing and R&D sites in 18 countries.[12]

List of Transactions

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Element Solutions has completed a number of transactions during its history, having purchased several specialty chemicals companies from 2013 through 2025:

  • MacDermid Incorporated in October 2013[13]
  • the electronic chemicals and photomasks businesses of OM Group Inc. in October 2015 [14]
  • Alent plc in December 2015[15]
  • Kester, a provider of solder and related products in December 2019[16]
  • DMP Corporation, a provider of turnkey wastewater treatment and recycle and reuse solutions in August 2020[17]
  • Coventya, a global provider of specialty chemicals for the surface finishing industry in September 2021[18]
  • HK Wentworth Limited, a manufacturer of electro-chemicals for the electronics, LED, automotive and industrial manufacturing industries based in the United Kingdom in May 2021[19]
  • HSO Herbert Schmidt GmbH, a developer of surface finishing technology and chemistry headquartered in Solingen, Germany in January 2022[20]
  • Kuprion, a developer of next-generation nano-copper technology to the semiconductor, circuit board and electronics assembly markets, in July 2023[21]

During a July 2024 interview on Bloomberg TV, Element Solutions’ Chief Executive Officer Benjamin Gliklich said there is “an opportunity for incremental M&A” to build out its advanced electronics business and wants to fund future M&A opportunities through cash flows.[22]

On February 28, 2025, Element Solutions sold its flexographic printing plate business, MacDermid Graphics Solutions, for $323 million. [23]

References

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  1. ^ a b "Element Solutions Inc". Bloomberg. Retrieved November 5, 2015.
  2. ^ a b Hammond, Ed (28 January 2019). "Platform Shakes Up Management After Sale of Its Agriculture Unit". Bloomberg News. Retrieved 11 February 2019.
  3. ^ "About Element Solutions Inc". Element Solutions. Retrieved June 2, 2025.
  4. ^ "Element Solutions Inc". MarketWatch. Retrieved 11 February 2019.
  5. ^ a b "Opening Bell, February 1, 2019". CNBC. 1 February 2019. Retrieved 11 February 2019.
  6. ^ Raice, Shayndi; Walker, Ian (July 13, 2015). "Martin Franklin Expands Chemicals Empire With $2.1 Billion U.K. deal: Acquisition is latest in deal-making spree by founder of Jarden and Nomad groups". The Wall Street Journal. Retrieved October 31, 2015.
  7. ^ "UPL completes acquisition of Arysta LifeScience for $4.2 billion". The Economic Times. 2019-02-04. Retrieved 2019-06-03.
  8. ^ "Platform Specialty Products launches as Element Solutions". Chemical & Engineering News. Retrieved 2019-06-03.
  9. ^ Indices, S&P Dow Jones. "DoorDash, TKO Group Holdings, Williams-Sonoma and Expand Energy Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600". www.prnewswire.com. Retrieved 2025-06-02.
  10. ^ "Element Solutions Inc". Bloomberg. Retrieved 7 March 2019.
  11. ^ "Key Markets". Element Solutions Inc. Retrieved 7 March 2019.
  12. ^ "About | Element Solutions Inc (ESI)". www.elementsolutionsinc.com. Retrieved 2025-06-04.
  13. ^ "Platform Acquisition Holdings Limited to Acquire MacDermid, Incorporated for $1.8 Billion". ir.elementsolutionsinc.com. Retrieved 2025-06-04.
  14. ^ "OM Group, Inc. Agrees To Be Acquired By Apollo Affiliated Funds In Partnership With Platform Specialty Products Corporation For $34.00 Per Share In An All Cash Transaction". PR Newswire. Retrieved 2025-06-04.
  15. ^ "Platform Specialty Products Corporation Announces Closing of the Acquisition of Alent plc". ir.elementsolutionsinc.com. Retrieved 2025-06-04.
  16. ^ "MacDermid Alpha Electronics Solutions Announces the Acquisition of Kester". www.kester.com. Retrieved 2025-06-04.
  17. ^ "Element Solutions Inc Announces Acquisition of DMP Corporation and the Launch of MacDermid Envio Solutions". ir.elementsolutionsinc.com. Retrieved 2025-06-04.
  18. ^ "Element Solutions Inc Announces Closing of Coventya Acquisition". ir.elementsolutionsinc.com. Retrieved 2025-06-04.
  19. ^ "Element Solutions Inc Announces Acquisition of H.K. Wentworth Group". ir.elementsolutionsinc.com. Retrieved 2025-06-04.
  20. ^ "Element Solutions Inc Acquires Chemical Developer HSO Herbert Schmidt GmbH". ir.elementsolutionsinc.com. Retrieved 2025-06-04.
  21. ^ "Element Solutions Inc Announces Two Strategic Semiconductor Transactions". Archived from the original on 2023-06-05. Retrieved 2025-06-04.
  22. ^ Pau, Valida (July 2, 2024). "Element Solutions CEO Eyes Opportunities in M&A and AI's Growth". Bloomberg. Retrieved June 3, 2025.{{cite news}}: CS1 maint: url-status (link)
  23. ^ "Element Solutions Inc Announces Completion of Sale of MacDermid Graphics Solutions". Archived from the original on 2025-04-19. Retrieved 2025-06-04.
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