Mitsubishi Chemical America

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.

Mitsubishi Chemical Performance Polymers, a subsidiary of Mitsubishi Chemical America, has agreed to acquire substantially all assets of AdvanSource Biomaterials Corporation for $7.25 million in cash. The transaction is expected to close in Q1 2020.