TOKYO/NEW YORK/MORRISVILLE, PA — Mitsubishi Chemical Corp. (MCC) announced that its subsidiary Mitsubishi Chemical America Inc. (MCA) has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings Inc., the parent of Gelest Inc. and a portfolio company of New Mountain Capital LLC. Completion of the transaction is expected in 2020, pending customary regulatory review and approval.
Gelest is a manufacturer and supplier of silicones, organosilanes, metal-organics and specialty monomers for advanced technology end markets.