Element Solutions Inc Announces Closing of the Acquisition of Kester and Successful Repricing of the Company’s Existing Term Loans
Element Solutions Inc. (ESI)
Last element solutions inc. earnings: 4/30 07:00 am
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Source: Business Wire
Closed $68 million acquisition of Kester, a global supplier of advanced assembly materials, from Illinois Tool Works Inc. Highly strategic acquisition adding scale and capabilities to Element Solutions’ market-leading assembly materials business Repriced $744 million Term Loan B to reduce borrowing cost by 25 basis points or approximately $2 million in annual interest expenseCumulative impact of these two transactions expected to be approximately 3% to 4% accretive to adjusted EPS in 2020 MIAMI--(BUSINESS WIRE)--Element Solutions Inc (NYSE:ESI) ("Element Solutions" or the “Company”), a global and diversified specialty chemicals company, announced today that it has closed its acquisition of Kester for approximately $68 million in cash from Illinois Tool Works Inc.Kester is a global supplier of advanced technology assembly materials used in electronics assembly and semiconductor applications. The business, with roots dating to 1899, has manufacturing facilities in the U.S. and German
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News
- Results: Element Solutions Inc Beat Earnings Expectations And Analysts Now Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc (NYSE: ESI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Entegris, Inc. (NASDAQ:ENTG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc (NYSE:ESI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Element Solutions First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
ESI
Earnings
- 4/29/24 - Beat
ESI
Sec Filings
- 4/30/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/19/24 - Form ARS
- ESI's page on the SEC website