The Add-on remains subject to certain closing conditions, including the finalization and execution of definitive documentation. ESI intends to use the funds from the Add-on and cash on hand to finance the Micromax acquisition, which is expected to close in the first quarter of 2026, subject to certain regulatory approvals and customary closing conditions.
About Element Solutions Inc
Element Solutions Inc is a leading global specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, these innovative solutions enable customers' manufacturing processes in several key industries, including consumer electronics, power electronics, semiconductor fabrication, communications and data storage infrastructure, automotive systems, industrial surface finishing, and offshore energy. More information about Element Solutions is available at www.elementsolutionsinc.com.
Forward-looking Statements
This press release contains forward-looking statements, including, but not limited to, statements relating to the timing for completion of the Micromax transaction; the ability of the parties to close the transaction, including obtaining the outstanding regulatory clearances and meeting the other closing conditions; ESI’s ability to consummate the closing and funding of the Add-on; and the use of the funds from the Add-on. These statements are based on management's estimates and assumptions with respect to financial performance and future events, and are believed to be reasonable, though are inherently difficult to predict. Actual results could differ materially from those projected as a result of certain factors including, without limitation, market and other general economic conditions, ESI’s perception of future availability of financing as well as factors included in its periodic and other reports filed with the Securities and Exchange Commission. ESI undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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