ESI · Element Solutions Inc

The proposed acquisition of Element Solutions by Solstice Advanced Materials creates a scaled electronics materials platform with estimated combined 2025 revenue of $6.8B and Adjusted EBITDA of $1.7B. The transaction is expected to be accretive to Adjusted EPS in Year 1, driven by $180M+ in net synergies by Year 3 (run-rate $210M), primarily from footprint optimization, supply chain improvements, and operational savings. Solstice will gain complementary capabilities in advanced formulation and synthetic chemistry, positioning it as a preferred partner for critical customer pain points in advanced packaging, thermal management, and semiconductor materials. Nuclear remains a core growth pillar, with $2B+ backlog and expected double-digit EBITDA CAGR through 2030. The combined company targets net leverage below 3.0x within 18 months post-close, supported by strong free cash flow conversion (~75% medium-term). Integration will be led by a proven team with over 75 integrations of collective experience, focused on day-1 readiness and value creation.