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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Authors
Duffy FischerMike HarrisRamsey AbdulrahimJordan Lee
Securities
ESISOLS
Themes
M&A
Regions
OtherUnited States
