Benzinga | Jan 27, 2022 08:15AM EST

Element Solutions Inc Acquires Chemical Developer HSO Herbert Schmidt GmbH; Terms Not Disclosed

Element Solutions Inc (NYSE:ESI) (the "Company") today announced that it has acquired HSO Herbert Schmidt GmbH & Co. KG ("HSO"), a privately-held, multi-national developer of surface finishing technology and chemistry headquartered in Solingen, Germany.

Founded in 1936, HSO develops and manufactures highly-specialized solutions for decorative and functional surface finishing with a focus on environmentally sustainable products, especially in the field of Plating on Plastics. In 2021, HSO was certified as a climate-neutral electroplating operation functioning under the values of sustainability and climate protection. Future results from this tuck-in acquisition will be reported in the Company's Industrial & Specialty segment.