Element Solutions acquires Kester (from Illinois Tool Works Inc.)

Element Solutions acquired Kester (from Illinois Tool Works Inc.) for $63.9 million (net of cash), a transaction announced in December 2019.

First bolt-on after the rename to Element Solutions; bought the Kester business, a global supplier of advanced assembly materials for electronics assembly and semiconductor applications, from ITW to strengthen its electronics assembly and semiconductor portfolio.

First bolt-on after the rename to Element Solutions; bought the Kester business, a global supplier of advanced assembly materials for electronics assembly and semiconductor applications, from ITW to strengthen its electronics assembly and semiconductor portfolio.

On December 2, 2019, we completed the Kester Acquisition for $63.9 million net of cash, working capital and other closing adjustments, from Illinois Tool Works Inc.

Advisory firms were not disclosed for this transaction.

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