# Element Solutions to acquire Coventya for €420M

Element Solutions Inc has made a binding offer to acquire Coventya Holding SAS for approximately €420 million in cash, including debt assumption. The transaction is expected to close in late Q3 or Q4 2021.

- Type: Acquisition
- Announced: 2021-06-11
- Where: France
- Value: $510.0M (420.0M EUR)
- Status: announced
- Products: metal finishing chemicals, decorative coatings, functional coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Element Solutions Inc](https://endata.com/companies/39183.md) (acquirer)
- [COVENTYA Group](https://endata.com/companies/54673.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20210611005075/en/Element-Solutions-Inc-Announces-Planned-Acquisition-of-Coventya), 2021-06-11: "Element Solutions will pay approximately €420 million in cash, including the assumption or repayment of debt."
- [viewer.joomag.com](https://viewer.joomag.com/speciality-chemicals-magazine-jul-aug-2021/0261349001624950868/p10), 2021-06-30: "Element Solutions has made a binding € 420 million offer to acquire Coventya Holding, a French-based supplier of metal-finishing speciality chemicals, from Silverfleet Capital."

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