Solstice Advanced Materials to buy Element Solutions in $14.5 billion deal
Less than a year after its separation from Honeywell, Solstice Advanced Materials agrees to acquire Element Solutions in a cash-and-stock transaction valued at about $14.5 billion, including debt. The combination is set to expand Solstice's reach in semiconductor manufacturing, electronics and industrial applications, while increasing its exposure to AI infrastructure.
Highlights
- Solstice Advanced Materials agrees to acquire Element Solutions for $14.5 billion, offering $10.00 in cash and 0.500 Solstice shares per Element share, with closing expected in H1 2027.
- The acquisition strengthens Solstice's capabilities in electronics, packaging, and thermal management, creating a larger supplier for semiconductor manufacturing, electronics, and industrial markets.
- Element Solutions shares rise 3.5% while Solstice shares fall 3% after the announcement, following Solstice's October 2025 spin-off from Honeywell International.
Acquisition terms and strategic rationale
As reported by Reuters, Solstice says Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock for each Element common share. The transaction is expected to close in the first half of 2027.Solstice says the acquisition strengthens its electronics, packaging and thermal management capabilities by linking them with data center cooling and refrigerant application solutions. The combined company would become a larger supplier of materials used in semiconductor manufacturing, electronics and industrial markets.
Element Solutions supplies specialty chemicals used in electronics manufacturing, semiconductors, communications infrastructure and automotive applications. Solstice, based in Morris Plains, New Jersey, manufactures refrigerants and applied solutions as well as electronic and specialty materials used in semiconductor production.
Spin-off timeline and market reaction
The deal comes less than a year after Solstice completes its spin-off from Honeywell International. Honeywell separates Solstice from its advanced materials business in October 2025 as part of a broader plan to split into three publicly traded companies focused on automation, aerospace and advanced materials.Honeywell completes the Solstice separation eight months before spinning off its aerospace business in June 2026. In early market trading on Monday, Element Solutions shares rise 3.5%, while Solstice shares fall 3%.
In our earlier article on SK Hynix’s planned U.S. listing via Nasdaq ADRs, we covered the chipmaker’s aim to raise about $28 billion as investor demand for AI infrastructure continues to grow. We also noted the funding would support new chip plants and advanced manufacturing equipment, while highlighting that the deal is a key test for the memory-chip cycle amid market volatility.
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