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Get filing alertsSolstice to acquire Element Solutions for $6.8B combined revenue, targeting $180M+ synergies
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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high
Solstice announced acquisition of Element Solutions, creating combined company with $6.8B in 2025 revenue and $1.7B adjusted EBITDA (including synergies). Deal expected to be accretive to adjusted EPS in Year 1.
Exhibit 99.1 view on EDGAR → -
high
Company secured $4.7B committed bridge financing. Combined net leverage expected at 3.5x at close (3.1x including Year 3 synergies), with target to reduce below 3.0x within 18 months. Committed to maintaining Ba1/BB+ credit rating.
Exhibit 99.1 view on EDGAR → -
high
Expected net synergies exceed $180M by Year 3 ($210M run-rate), primarily from operational savings ($100M), supply chain improvements ($25M), footprint optimization ($20M), and other opportunities ($35M). Additional revenue synergies identified.
Exhibit 99.1 view on EDGAR → -
medium
Combined company targets high-single-digit to low-double-digit adjusted EBITDA growth medium-term with ~75% free cash flow conversion. Electronics materials will represent 73% of portfolio, industrial/specialty 27%.
Exhibit 99.1 view on EDGAR → -
medium
Transaction requires stockholder approval from both companies. Solstice will file Form S-4 registration statement with joint proxy statement/prospectus. Regulatory approvals and customary closing conditions also required.
Exhibit 99.1 view on EDGAR →
Summary
Solstice Advanced Materials disclosed an investor presentation on its pending acquisition of Element Solutions, a transformative deal that would create a $6.8 billion revenue company focused on electronics materials for semiconductors and advanced packaging.
The combined entity would generate $1.7 billion in adjusted EBITDA (including expected synergies) with a 26% margin, positioning Solstice as a major player in the semiconductor supply chain. Management expects the deal to be immediately accretive to adjusted EPS and projects net synergies exceeding $180 million by Year 3, driven primarily by operational efficiencies and supply chain optimization.
The financing structure involves $4.7 billion in committed bridge financing, resulting in 3.5x net leverage at close. Management has committed to reducing leverage below 3.0x within 18 months and maintaining investment-grade credit ratings (Ba1/BB+). The combined financial metrics disclosed are arithmetic sums of historical results plus expected synergies, not formal pro forma financials under Regulation S-X—the actual pro forma figures will appear in the forthcoming Form S-4 registration statement. Stockholders of both companies must approve the transaction, and regulatory clearances remain pending. The deal represents a significant bet on secular growth in advanced packaging and semiconductor materials, with execution risk centered on achieving the projected synergies and managing the elevated leverage profile during integration.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Solstice issued an investor update presentation regarding its proposed acquisition of Element Solutions Inc.
Added in current filing · verify on EDGAR →
On July 20, 2026, Solstice Advanced Materials Inc., a Delaware corporation (“Solstice”) issued an investor update presentation regarding the proposed acquisition of Element Solutions Inc, a Delaware corporation (“Element Solutions”) by Solstice. A copy of the investor update presentation is attached as Exhibit 99.1 to this Current Report on Form 8-K (the “Report”) and is incorporated herein by reference.
Solstice released an investor presentation updating shareholders on its pending acquisition of Element Solutions. The presentation is furnished under Item 7.01 (Regulation FD disclosure) and is not deemed filed for liability purposes under the Exchange Act. The filing contains extensive forward-looking statement disclaimers and notes that a joint proxy statement/prospectus on Form S-4 will be filed with the SEC for shareholder approval of the transaction.
Added in current filing · verify on EDGAR →
The financial information for the combined businesses of Solstice and Element Solutions is based on management's estimates, assumptions and projections and has not been prepared in conformance with the applicable requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. This information is provided for illustrative purposes only and should not be considered in isolation from, or as a substitute for, the historical financial statements of Solstice and Element Solutions. These measures are provided for illustrative purposes and are based on an arithmetic sum of the relevant historical financial measures of Solstice and Element Solutions. Combined Adjusted EBITDA is the arithmetic sum of Solstice’s Adjusted Standalone EBITDA and Element Solutions’ Pro Forma Adjusted EBITDA, inclusive of expected synergies. Combined Adjusted EBITDA Margin is inclusive of expected synergies.
The filing discloses that combined financial metrics presented in the investor update are arithmetic sums of the two companies' historical results plus expected synergies, not formal pro forma financials prepared under Regulation S-X. Management cautions that these illustrative figures may differ materially from the pro forma information that will appear in SEC filings and should not substitute for the companies' historical financial statements.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
$6.8B 2025 Combined Revenue
The company expects medium-term combined adjusted EBITDA growth in the high-single-digit to low-double-digit range and approximately 75% medium-term free cash flow conversion. Electronics materials will represent 73% of the combined portfolio, with industrial and specialty segments comprising 27%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify