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Stock impact report

Element Solutions Inc Announces Completion of Sale of MacDermid Graphics Solutions

Element Solutions Inc. (ESI) 
Last element solutions inc. earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ittesi.com
Company Research Source: Business Wire
MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) (“Element Solutions”), a global and diversified specialty chemical technology company, today announced the close of the sale of its flexographic printing plate business, MacDermid Graphics Solutions (“MGS”), to XSYS, a global specialist provider in the flexographic printing industry, for an enterprise value of approximately $325 million. An existing capital loss should offset nearly all taxable gains from this transaction. Net proceeds are expected to be used to further reduce leverage and for general corporate purposes. The sale agreement was announced on September 3, 2024.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 l Show less Read more
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