Element Solutions to acquire EFC Gases & Advanced Materials

Element Solutions (ESI) announced it has signed a definitive agreement to acquire EFC Gases & Advanced Materials, or EFC, for approximately 12x forecasted 2026 adjusted EBITDA in cash. The transaction is expected to be completed by the end of 2025, subject to regulatory approvals. EFC provides high-purity specialty gases and other advanced materials to industries including semiconductor manufacturing and aerospace. Element Solutions expects EFC to contribute approximately $30M of adjusted EBITDA in 2026. The transaction is expected to be funded using a combination of cash on hand and incremental debt.