Mitsubishi Chemical bolsters technology platform through acquisition of American organic and inorganic hybrid chemicals manufacturer Gelest from New Mountain Capital.
Mitsubishi Chemical Corporation announces that its subsidiary Mitsubishi Chemical America (MCA), Inc. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, Inc., the parent of Gelest, Inc. and a portfolio company of New Mountain Capital, LLC. Completion of the transaction is expected in 2020, pending customary regulatory review and approval. Gelest is a manufacturer and supplier of silicones, organosilanes, metal-organics and specialty monomers for advanced technology end markets including medical devices, life sciences, microelectronics and personal care.
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