MacDermid Enthone Industrial Solutions Announce the Acquisition of Coventya
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Element Solutions Inc (“Element Solutions”), a global and diversified specialty chemicals company, announced that it has closed its previously announced acquisition of Coventya Holding SAS (“Coventya”), a global provider of specialty chemicals for the surface finishing industry. Coventya 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.
Ben Gliklich, Chief Executive Officer of Element Solutions Inc, said, “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. 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. 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.”
The acquisition of Coventya is strategic to MacDermid Enthone Industrial Solutions and is part of its continuing investment in technology, innovation, and talent. 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.