Mitsubishi Chemical to Acquire US Chemicals and Materials Manufacturer Gelest
No financial details of the transaction disclosed
Tokyo, Japan-based Mitsubishi Chemical Corporation (MCC), through its US subsidiary acquires US chemicals and materials group Gelest from New Mountain Capital. Completion of the transaction is expected in 2020, pending customary regulatory review and approval.
Gelest, headquartered in Morrisville, PA, USA, was founded in 1991 and is a manufacturer and supplier of silicones, organosilanes, organometallic materials and specialty monomers for high-tech applications including medical technology and life sciences, microelectronics and personal care.