Solstice Advanced Materials has entered into a definitive agreement to acquire Element Solutions in a cash-and-stock transaction valued at approximately $14.5 billion, including assumed net debt. The combination is intended to expand Solstice’s advanced materials platform across electronics, AI infrastructure, thermal management, data center cooling and refrigerant application solutions.
The companies reported combined full-year 2025 net sales of approximately $6.8 billion and a 26% adjusted EBITDA margin, including run-rate synergies. Solstice expects more than $180 million in net synergies by the third year after closing, supported by procurement, manufacturing, supply-chain and operating efficiencies, as well as SG&A savings.
Element Solutions shareholders will receive $10.00 in cash and 0.500 Solstice shares for each Element share. The consideration represents approximately $50.10 per share and a premium of about 15% over Element’s closing share price on July 2, 2026. Element shareholders are expected to own approximately 44% of the combined company.
The transaction is expected to close in the first half of 2027, subject to regulatory approvals, shareholder approvals and other customary conditions. The combined business will operate as Solstice, with David Sewell serving as president and chief executive officer.
“Our refrigerant application solutions platform, including data center cooling, and our specialty exposures such as nuclear fuel remain core to the combined company’s value proposition and central to helping customers improve efficiency, resilience and performance,” Sewell said.
