Element Solutions Inc Announces Completion of Sale of MacDermid Graphics Solutions
Element Solutions Inc (NYSE:ESI) has completed the sale of its flexographic printing plate business, MacDermid Graphics Solutions (MGS), to XSYS for an enterprise value of approximately $325 million. The transaction, initially announced on September 3, 2024, is expected to strengthen Element Solutions' portfolio across key metrics.
The company plans to utilize the net proceeds to reduce leverage and for general corporate purposes. An existing capital loss is anticipated to offset nearly all taxable gains from this transaction, optimizing the financial impact of the sale.
Element Solutions Inc (NYSE:ESI) ha completato la vendita della sua attività di produzione di lastre da stampa flessografica, MacDermid Graphics Solutions (MGS), a XSYS per un valore aziendale di circa 325 milioni di dollari. La transazione, annunciata inizialmente il 3 settembre 2024, dovrebbe rafforzare il portafoglio di Element Solutions su metriche chiave.
L'azienda prevede di utilizzare il ricavato netto per ridurre l'indebitamento e per scopi aziendali generali. Si prevede che una perdita di capitale esistente compensi quasi tutti i guadagni imponibili derivanti da questa transazione, ottimizzando l'impatto finanziario della vendita.
Element Solutions Inc (NYSE:ESI) ha completado la venta de su negocio de placas de impresión flexográfica, MacDermid Graphics Solutions (MGS), a XSYS por un valor empresarial de aproximadamente 325 millones de dólares. La transacción, anunciada inicialmente el 3 de septiembre de 2024, se espera que fortalezca el portafolio de Element Solutions en métricas clave.
La empresa planea utilizar los ingresos netos para reducir el apalancamiento y para fines corporativos generales. Se anticipa que una pérdida de capital existente compense casi todas las ganancias imponibles de esta transacción, optimizando el impacto financiero de la venta.
Element Solutions Inc (NYSE:ESI)는 MacDermid Graphics Solutions (MGS)의 플렉소그래픽 인쇄판 사업을 XSYS에 약 3억 2500만 달러의 기업 가치로 매각을 완료했습니다. 이 거래는 2024년 9월 3일에 처음 발표되었으며, Element Solutions의 주요 지표에서 포트폴리오를 강화할 것으로 예상됩니다.
회사는 순수익을 사용하여 부채를 줄이고 일반 기업 목적에 사용할 계획입니다. 기존의 자본 손실이 이 거래에서 발생하는 거의 모든 과세 이익을 상쇄할 것으로 예상되며, 판매의 재정적 영향을 최적화합니다.
Element Solutions Inc (NYSE:ESI) a finalisé la vente de son activité de plaques d'impression flexographique, MacDermid Graphics Solutions (MGS), à XSYS pour une valeur d'entreprise d'environ 325 millions de dollars. La transaction, annoncée initialement le 3 septembre 2024, devrait renforcer le portefeuille d'Element Solutions sur des indicateurs clés.
L'entreprise prévoit d'utiliser le produit net pour réduire l'endettement et pour des fins corporatives générales. Une perte de capital existante devrait compenser presque tous les gains imposables provenant de cette transaction, optimisant ainsi l'impact financier de la vente.
Element Solutions Inc (NYSE:ESI) hat den Verkauf seines flexografischen Druckplattengeschäfts, MacDermid Graphics Solutions (MGS), an XSYS für einen Unternehmenswert von etwa 325 Millionen US-Dollar abgeschlossen. Die Transaktion, die ursprünglich am 3. September 2024 angekündigt wurde, soll das Portfolio von Element Solutions in wichtigen Kennzahlen stärken.
Das Unternehmen plant, die Nettoerlöse zur Reduzierung der Verschuldung und für allgemeine Unternehmenszwecke zu verwenden. Es wird erwartet, dass ein bestehender Kapitalverlust nahezu alle steuerpflichtigen Gewinne aus dieser Transaktion ausgleicht und somit die finanziellen Auswirkungen des Verkaufs optimiert.
- Sale completed for $325 million enterprise value
- Existing capital loss offsets nearly all taxable gains
- Net proceeds to reduce leverage and strengthen balance sheet
- Portfolio improvement across key metrics
- Divestment of revenue-generating business unit
President and Chief Executive Officer Benjamin Gliklich commented, “This transaction improves Element Solutions’ portfolio across all key metrics and leaves us with a balance sheet that is as strong as it has been since we founded the company. We are excited about the opportunities for value accretive capital allocation ahead. On behalf of the Board and leadership team at ESI, I would like to express my deep gratitude to the great team at MGS who contributed meaningfully to our company for many years and wish them the very best for their compelling next phase.”
About Element Solutions
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 the Company is available at www.elementsolutionsinc.com.
Forward-Looking Statements
This press release contains forward-looking statements related to, without limitation, the anticipated tax treatment and use of proceeds of the transaction as well as opportunities for capital allocation. These statements, based on information available as of the current date, 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, such as factors included in Element Solutions’ public filings. Element Solutions undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250303638365/en/
Investor Relations Contact:
Varun Gokarn
Vice President, Strategy and Finance
Element Solutions Inc
1-203-952-0369
IR@elementsolutionsinc.com
Media Contact:
Scott Bisang / Ed Hammond / Tali Epstein
Collected Strategies
1-212-379-2072
esi@collectedstrategies.com
Source: Element Solutions Inc
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