Element Solutions Inc is an American specialty chemicals production corporation listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

History

The corporation was founded in 2013 by Martin E. Franklin, with financial backing from

Bill Ackman William Albert Ackman (born May 11, 1966) is an American billionaire investor and hedge fund manager. He is the founder and CEO of Pershing Square Capital Management, a hedge fund management company. His investment approach makes him an activis ...

. The company manufactures and supplies specialty chemicals for consumer electronics, communication infrastructure, automobile, industrial surface finishing, consumer packaging and offshore oil production and drilling. Additionally, the corporation purchased several highly complementary specialty chemicals companies from 2013 through 2015: MacDermid Incorporated in October 2013, the electronic chemicals and photomasks businesses of OM Group Inc. in October 2015, and

Alent Alent plc is a supplier of surface treatment plating chemicals and electronics assembly materials. The company was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Platform Specialty Products ...

plc in December 2015. After the final acquisition became effective, in 2016 Platform Specialty Products launched a new division in order to combine the operations of the acquired businesses. In July, 2018,

United Phosphorus Limited UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, and also offers crop protection solutions. Hea ...

announced acquisition of Arysta Life Sciences, the Crop business of Platform Specialty Chemicals for a total sum of $4.2 billion, with the latter exiting the crop business entirely. In 2019, the company changed its name to Element Solutions Inc. from Platform Specialty Chemicals. It is now listed as ESI on the New York Stock Exchange.

References

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