Mitsubishi Chemical America Acquires Gelest

Mitsubishi Chemical Corporation announces that its subsidiary Mitsubishi Chemical America (MCA), Inc. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, Inc., the parent of Gelest, Inc. and a portfolio company of New Mountain Capital, LLC. Completion of the transaction is expected in 2020, pending customary regulatory review and approval. Gelest is a manufacturer and supplier of silicones, organosilanes, metal-organics and specialty monomers for advanced technology end markets including medical devices, life sciences, microelectronics and personal care.

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