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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.
MacDermid Enthone Industrial Solutions, a subsidiary of Element Solutions Inc., signed an agreement to acquire Coventya, a specialty chemicals company for surface finishing. The acquisition is expected to close by Q4 2021.
CHEMEON Surface Technology and COVENTYA Group entered into a global distribution agreement for CHEMEON's portfolio of hex-free trivalent conversion coating technology for aluminum and alloys.