Element Solutions Inc has signed a definitive agreement to acquire EFC Gases & Advanced Materials for approximately 12 times EFC's forecasted 2026 adjusted EBITDA in cash, subject to adjustments. The deal is expected to close by the end of 2025. EFC is anticipated to contribute around $30 million to Element Solutions' adjusted EBITDA in 2026, with about 40% of EFC's sales coming from semiconductor markets and 30% from satellite and space applications. The acquisition will be funded through a mix of cash on hand and incremental debt. This transaction follows Element Solutions' previously announced agreement to acquire Micromax from Celanese Corporation, which is projected to add about $40 million to adjusted EBITDA on a full-year basis. Combined, the EFC and Micromax deals are expected to increase Element Solutions' adjusted earnings per share by over 7% in 2026, and the company's net debt to adjusted EBITDA ratio at the end of 2025 is projected to be under 3.0x on a pro forma basis.