Mitsubishi Chemical Successfully Completes Gelest Acquisition

USA: Business Takeover Mitsubishi Chemical Successfully Completes Gelest Acquisition

08.10.2020Editor: Ahlam Rais

With the acquisition, Gelest has now become a wholly owned subsidiary of Mitsubishi Chemical America. Mitsubishi Chemical Corporation also has plans to set up a post-merger integration office in Gelest to supervise the company’s operations.

Related Vendors

Glatt Ingenieurtechnik GmbH

Maag Pump Systems AG

MG2 s.r.l.

Mitsubishi Chemical Corporation completed the acquisition of Gelest from New Mountain Capital on October 1, 2020.
(Source: Deposit Photos)

Japan – Mitsubishi Chemical Corporation (MCC) has recently completed the acquisition of Gelest from New Mountain Capital (NMC) on October 1, 2020. On April 30, 2020, MCC announced that its subsidiary Mitsubishi Chemical America entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, the parent of Gelest, and a portfolio company of NMC. MCC has now completed the acquisition, with Gelest becoming a wholly owned subsidiary of Mitsubishi Chemical America.

MCC will dispatch an executive to Gelest and establish a post-merger integration office within the company to oversee the execution of identified strategies using the technology and capabilities of each organisation to positively impact the value delivered to customers and the organisation’s performance.

MCC will continue to execute its strategy of enhancing its technology platform, leveraging its extensive R&D capabilities and pursuing new business development opportunities in new markets to drive further expansion in the future.

Specialist Book „Heat Transfer Technique“The comprehensive standard work „Heat Transfer Technique“ offers not only a detailed and well-founded presentation of the basics of heat transfer technique, but also shows the latest state of the art and the latest regulations in the use of organic fluids. Thematically, the book is rounded off with an overview of property data of organic heat transfer fluids as well as many use cases from practical experience.

(ID:46910330)