# Element Solutions to acquire Micromax from Celanese for ~$500M

Element Solutions Inc announced on October 28, 2025, that it has signed a definitive agreement to acquire Micromax from Celanese Corporation for approximately $500 million in cash. The transaction is expected to close in Q1 2026.

- Type: Acquisition
- Announced: 2019-05-14
- Value: $500.0M
- Status: announced
- Products: advanced electronics inks and pastes, thick film inks, LTCC materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Celanese](https://endata.com/companies/10711.md) (target)
- [Element Solutions Inc](https://endata.com/companies/39183.md) (acquirer)
- [Micromax](https://endata.com/companies/40083.md) (target)

## Sources

- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.bioopticsworld/article/bizwire-2025-10-28-element-solutions-inc-announces-agreement-to-acquire-micromax-from-celanese-for-500-million), 2019-05-14: "Micromax is a great fit, enhancing our Electronics business’ customer value proposition and the breadth of high-value solutions we can offer to our supply chain."
- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.pennenergy/article/bizwire-2025-10-28-element-solutions-inc-announces-agreement-to-acquire-micromax-from-celanese-for-500-million), 2019-06-18: "Micromax is a great fit, enhancing our Electronics business’ customer value proposition and the breadth of high-value solutions we can offer to our supply chain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.