Element Solutions Inc., a global and diversified specialty chemicals company, has closed its previously announced acquisition of Coventya Holding SAS, a global provider of specialty chemicals for the surface finishing industry.
Ben GliklichCoventya will join the MacDermid Enthone Industrial Solutions business within ESI’s Industrial & Specialty segment.
Coventya operates in 60 countries on five continents. The business has manufacturing sites in Europe, Asia, and the Americas. Coventya’s products serve customers worldwide across a diverse set of end-markets, including automotive, fashion, construction, electronic, consumer goods, energy, and aerospace/defense.
“Coventya is an excellent fit for our organization. It brings a long, successful history and tradition of creating value for plating and finishing customers with innovative and high-quality technical solutions,” says Ben Gliklich, Chief Executive Officer of Element Solutions Inc.
“Not only are their technologies complementary to ours, but we also share similar values based on innovation, exceptional service, and a people-centric, customer-focused culture,” Gliklich says. “This acquisition will extend our capabilities and enable us to support further growth with existing and new customers. In addition, through this transaction, we acquire extraordinary talent, which we are excited to welcome into our organization.”
Richard LynchRichard Lynch, Senior Vice President of MacDermid Enthone Industrial Solutions, said he is eager to bring together the capabilities of the companies with strong legacies, leading technology, and outstanding talent.
“We believe this combination will dramatically enhance the value we deliver to our customers and stakeholders through our expanded geographical resources and sustainable technology portfolio as well as the strong relationships both organizations have fostered in our markets,” Lynch says. “The acquisition of Coventya is a pivotal event within the industry and establishes us as a global leader in the plating and surface finishing market.”
Lynch says the acquisition of Coventya is strategic to MacDermid Enthone Industrial Solutions and is part of their continuing investment in technology, innovation, and talent. He adds that MacDermid Enthone Industrial Solutions remains focused on developing and providing the highest performing sustainable solutions for surface finishing applications in markets such as automotive, construction, industrial, consumer goods, and electronics.
