Element Solutions announced a definitive agreement to acquire EFC Gases & Advanced Materials, a provider of high‑purity specialty gases and advanced materials for semiconductor, aerospace, and electrical infrastructure markets. The transaction values EFC at approximately 12 times forecasted 2026 adjusted EBITDA and is expected to close by the end of 2025.
EFC has grown revenue at a compound annual growth rate exceeding 15% since 2009, driven by rising demand for semiconductor manufacturing. Since 2023, EFC has expanded its semiconductor product qualifications by more than 40%. The company’s sales mix is roughly 40% semiconductor, 30% satellite and space, and the remaining 30% in other industrial applications.
The acquisition is projected to add about $30 million to Element Solutions’ adjusted EBITDA in 2026. Combined with the previously announced Micromax acquisition, the two deals are expected to be more than 7 % accretive to adjusted earnings per share in 2026. Funding will come from cash on hand and incremental debt, and the pro‑forma net debt to adjusted EBITDA ratio at year‑end 2025 would fall below 3.0×.
Element Solutions’ strategy focuses on acquiring high‑growth, specialized businesses that complement its existing electronics portfolio. EFC’s expertise in high‑purity gases and advanced materials aligns with the company’s Electronics segment and positions it to capture growth in semiconductor and aerospace markets.
The deal follows Element Solutions’ earlier agreement to acquire Micromax from Celanese Corporation for approximately $500 million, which is expected to close in the first quarter of 2026 and contribute roughly $40 million to adjusted EBITDA.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.