Element Solutions Agrees To Sell Its Flexographic Printing Plate Business, MacDermid Graphics Solutions, To XSYS For An Enterprise Value Of Approx. $325M
Portfolio Pulse from Benzinga Newsdesk
Element Solutions has agreed to sell its MacDermid Graphics Solutions business to XSYS for approximately $325 million. The proceeds will be used to reduce leverage and for general corporate purposes. The deal is expected to close by late 2024 or early 2025.
September 03, 2024 | 8:17 pm
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Element Solutions is selling its MacDermid Graphics Solutions business to XSYS for $325 million. This move will help reduce the company's leverage and support general corporate purposes.
The sale of MacDermid Graphics Solutions for $325 million will provide Element Solutions with significant capital to reduce its leverage, which is a positive financial move. This transaction is a strategic decision to streamline operations and improve financial health, likely leading to a positive short-term impact on ESI's stock price.
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