The parent company of PV surface coatings specialist MacDermid has completed the acquisition of Alent, which provides cell interconnect and electronic chemicals products via its Alpha and Enthone divisions respectively.
Completion of the transaction by Platform Specialty Products will trigger the launch of ‘MacDermid Performance Solutions’, which will combine the original MacDermid operations with the new Alent businesses.
The acquisition extends a string of similar deals by Platform, which recently bought OM Group. OM specialises in specialty chemicals for use in solar cells and semiconductor applications.
“This transaction propels us into a new chapter for the business,” said Scot Benson, president of MacDermid Performance Solutions. “Alent’s talent and resources will enhance our flexibility and expertise to develop new and improved products and capabilities. This acquisition represents a great addition in our ability to support our customers through innovation and technical support.”
Frank Monteiro, COO of MacDermid Performance Solutions, added: “Customers, supply chain partners, employees and investors will all benefit as we unify sales strategies, improve processes throughout the company, expand global reach and continue to deliver the high quality products and services that all of you have come to expect.
“In the near-term, as we begin to build the best company possible from the combination of these businesses, our customers’ experience will not change. A comprehensive branding and integration effort will be deployed in the coming months, and in the interim we encourage you to reach out to your local company contacts with any questions about this announcement.”