# Elkem acquires Chinese silicone elastomer maker Polysil

Elkem ASA has agreed to acquire all shares of Polysil, a Chinese silicone elastomer and resins manufacturer, for an enterprise value of up to RMB 941 million. Polysil has two production facilities in Zhongshan, Guangdong.

- Type: Acquisition
- Announced: 2019-12-30
- Where: Zhongshan, Guangdong, China
- Value: $134.0M (941.0M CNY)
- Status: announced
- Products: silicone elastomers, silicone resins, HCR, LSR, PSA
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Elkem](https://endata.com/companies/44221.md) (acquirer)
- [Polysil](https://endata.com/companies/44222.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/elkem-acquires-polysil-a-leading-chinese-silicone-elastomer--resins-company-300979702.html), 2019-12-30: "Acquiring Polysil will strengthen our position in selected specialised silicones segments in China."
- [prnewswire.com](https://www.prnewswire.com/news-releases/elkem-acquires-polysil-a-leading-chinese-silicone-elastomer-and-resins-company-300979727.html), 2019-12-30: "Acquiring Polysil will strengthen our position in selected specialised silicones segments in China."

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