Mitsubishi Chemical Corporation (MCC) has completed the acquisition of Gelest from New Mountain Capital, LLC. Gelest manufactures and provides silane, silicone and metal-organic compounds serving advanced technology markets through a customer driven approach.
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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.
Earlier, MCC announced that its subsidiary
Mitsubishi Chemical America, Inc. entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, Inc., 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 organization to positively impact the value delivered to customers and the organization’s performance.
Source: Mitsubishi Chemical