# Elkem acquires Chinese silicone manufacturer Polysil for up to RMB 941M

Elkem ASA acquired China Polysil Chemicals, a leading Chinese silicone manufacturer, for an enterprise value of up to RMB 941 million. The transaction settled on 1 April 2020.

- Type: Acquisition
- Announced: 2020-04-01
- Where: Zhongshan, Guangdong, China
- Status: completed
- Products: Heat Cured Rubber (HCR), Liquid Silicone Rubber (LSR), specialty resin, Pressure Sensitive Adhesives (PSA)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Elkem](https://endata.com/companies/44221.md) (acquirer)
- [China Polysil Chemicals](https://endata.com/companies/46585.md) (target)
- [China Bluestar (Group) Co., Ltd.](https://endata.com/companies/46685.md) (investor)
- [Guangdong Polymer Technology Co., Ltd](https://endata.com/companies/46686.md) (target)

## Sources

- [alantra.com](https://www.alantra.com/ib-transaction/elkem-buy-side-advisory-polysil/), 2020-04-15: "Alantra has advised Elkem ASA on the acquisition of China Polysil Chemicals, a leading Chinese silicone manufacturer."
- [siliconematerial.net](https://www.siliconematerial.net/news-3895819.html), 2020-04-21: "The acquisition of polymerization technology is an important milestone for Elkem, which is in line with the company's special product development strategy."

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