Element Solutions Inc Acquires Chemical Developer HSO Herbert Schmidt GmbH

Rhea-AI Summary

Element Solutions Inc (NYSE:ESI) has acquired HSO Herbert Schmidt GmbH & Co. KG, a German developer of surface finishing technology. Founded in 1936, HSO specializes in environmentally sustainable products and was certified as a climate-neutral electroplating operation in 2021. This tuck-in acquisition will enhance Element Solutions’ Industrial & Specialty segment, leveraging HSO's advanced solutions for decorative and functional surface finishing, particularly in Plating on Plastics.

Positive

• Acquisition of HSO provides access to specialized surface finishing technology.
• HSO's focus on sustainability aligns with global environmental standards.
• Expected integration of HSO's solutions will enhance Element Solutions' product offerings.

Negative

• None.

MIAMI--(BUSINESS WIRE)-- Element Solutions Inc (NYSE:ESI) (the “Company”) today announced that it has acquired HSO Herbert Schmidt GmbH & Co. KG (“HSO”), a privately-held, multi-national developer of surface finishing technology and chemistry headquartered in Solingen, Germany.

Founded in 1936, HSO develops and manufactures highly-specialized solutions for decorative and functional surface finishing with a focus on environmentally sustainable products, especially in the field of Plating on Plastics. In 2021, HSO was certified as a climate-neutral electroplating operation functioning under the values of sustainability and climate protection. Future results from this tuck-in acquisition will be reported in the Company’s Industrial & Specialty segment.

About Element Solutions Inc

Element Solutions Inc is a leading 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, consumer packaging and offshore energy. More information about Element Solutions is available at www.elementsolutionsinc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005122/en/

Investor Relations Contact:

Varun Gokarn

Senior Director, Strategy and Finance

Element Solutions Inc

1-561-406-8465

IR@elementsolutionsinc.com



Media Contact:

Liz Cohen

Managing Director

Kekst CNC

1-212-521-4845

Source: Element Solutions Inc

FAQ

What is the value of the Element Solutions acquisition of HSO?

The press release does not specify the financial details of the acquisition.

When did Element Solutions acquire HSO?

The acquisition was announced today, but the specific transaction date is not mentioned.

How will the acquisition of HSO impact Element Solutions' financial performance?

Future results from the acquisition will be included in the Industrial & Specialty segment, potentially boosting revenue.

What is HSO's focus in the surface finishing industry?

HSO specializes in decorative and functional surface finishing, with a significant emphasis on environmentally sustainable products.

What certifications does HSO have?

HSO was certified as a climate-neutral electroplating operation in 2021.