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Goldman Sachs

July 6, 2026

Americas Chemicals: SOLS to acquire ESI in a cash-and-stock transaction creating an industry leading advanced materials portfolio

Market ReportEquitiesMaterials

Solstice Advanced Materials has agreed to acquire Element Solutions in a $14.5bn transaction aimed at building a leading advanced materials portfolio. The deal is expected to close in 1H27, delivering significant cost and revenue synergies.

Key Takeaways

  • 1.Solstice Advanced Materials (SOLS) to acquire Element Solutions (ESI) in a $14.5bn cash-and-stock deal.
  • 2.The transaction expects to close in 1H27 and targets $180mn+ in net synergies over the first three years.
  • 3.The combined entity will feature $6.8bn in annual sales and $1.7bn in adjusted EBITDA.

Table of Contents

  • What was announced
  • Strategic and financial rationale per management
  • More on company expected deal synergies
  • Transaction details
  • Deal financing
  • Combined company notables
  • Valuation and Key Risks
  • Disclosure Appendix

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