# Mitsubishi Chemical to acquire Gelest from New Mountain Capital

Mitsubishi Chemical America, a subsidiary of Mitsubishi Chemical Corporation, entered into a definitive agreement to acquire Gelest, a manufacturer of silicones, organosilanes, metal-organics, and specialty monomers, from New Mountain Capital. Completion is expected in 2020.

- Type: Acquisition
- Announced: 2020-04-30
- Where: Pennsylvania, United States
- Jobs: 240
- Status: announced
- Products: silicones, organosilanes, metal-organics, specialty monomers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Mitsubishi Chemical Corporation](https://endata.com/companies/5545.md) (acquirer)
- [New Mountain Capital](https://endata.com/companies/11670.md) (investor)
- [New Mountain Capital](https://endata.com/companies/11670.md) (partner)
- [Gelest](https://endata.com/companies/37886.md) (target)
- [Mitsubishi Chemical America](https://endata.com/companies/43491.md) (acquirer)

## Sources

- [us.mitsubishi-chemical.com](https://us.mitsubishi-chemical.com/mitsubishi-chemical-to-bolster-technology-platform-through-acquisition-of-american-organic-and-inorganic-hybrid-chemicals-manufacturer-gelest-from-new-mountain-capital/), 2020-04-30: "We are excited to acquire Gelest as its business fits well within MCC's long-term strategy."
- [newmountaincapital.com](https://www.newmountaincapital.com/mitsubishi-chemical-to-bolster-technology-platform-through/), 2020-04-30: "We are excited to acquire Gelest as its business fits well within MCC’s long-term strategy."
- [cen.acs.org](https://cen.acs.org/business/specialty-chemicals/Mitsubishi-acquire-materials-firm-Gelest/98/i17), 2020-05-02: "Mitsubishi Chemical is buying the specialty chemical maker Gelest for an undisclosed sum."
- [gleisslutz.com](https://www.gleisslutz.com/en/mandates-firm-news/gleiss-lutz-advises-mitsubishi-chemical-acquisition-gelest), 2020-05-05: "MCC announced on 30 April 2020 that it has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, Inc., the parent company of Gelest."
- [medicaldesignandoutsourcing.com](https://www.medicaldesignandoutsourcing.com/mitsubishi-chemical-to-acquire-gelest/), 2020-05-05: "Mitsubishi Chemical Corp. (Tokyo) recently announced that its Mitsubishi Chemical America subsidiary has agreed to buy the parent of materials company Gelest."
- [socma.org](https://www.socma.org/tag/socma-member-news/page/27/), 2020-06-02: "Mitsubishi Chemical Corporation has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, Inc., the parent of Gelest, Inc. and a portfolio company of New Mountain Capital, LLC."
- [pcimag.com](https://www.pcimag.com/articles/keyword/2065-acquisitions?page=15), 2020-06-11: "Mitsubishi Chemical Corp. announced that its subsidiary Mitsubishi Chemical America Inc. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings Inc."

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