Celenese to Sell Micromax to Element Solutions for $500M

Dow Jones

Oct 29

By Paul Ziobro

Celanese has agreed to sell its Micromax portfolio to Element Solutions for about $500 million in cash.

The Micromax business consists of advanced electronic inks and pastes designed for high-performance electronics. The business is on pace to generate $40 million in earnings before interest, taxes, depreciation and amortization this year, on a pro-forma basis.

Celanese Chief Executive Scott Richardson said the company would use proceeds from the sale to pay down debt, part of broader plans to aggressively and prudently deleverage its balance sheet.

Element Solutions Chief Executive Benjamin Gliklich said that Micromax fits well with its core competencies in formulations capability and metals expertise.

After the deal closes, which is expected in the first quarter of next year, Micromax will become part of Element Solutions' MacDermid Alpha Electronics Solutions business.

Element Solutions is paying for the deal using cash on hand and incremental debt. It expects the deal to be more than 5% accretive to its adjusted per-share earnings, based on projected 2025 results.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

October 28, 2025 16:55 ET (20:55 GMT)

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