MacDermid Alpha Electronics Solutions Announces Agreement to Acquire Micromax

Estimated reading time: 2 minutes

Element Solutions Inc, the parent company of MacDermid Alpha Electronics Solutions, announced that it has signed a definitive agreement to acquire Micromax®, a leading global supplier of advanced electronics inks and pastes, from Celanese Corporation.  This acquisition is aligned with MacDermid Alpha Electronics Solution’s long-term strategy of advancing innovation in products and services in advanced electronics materials and process technologies.  Micromax’s market leading technologies will further strengthen MacDermid Alpha Electronics Solutions’ existing strong partnerships and innovation capabilities.

Micromax is a leading global supplier of advanced electronics inks and pastes designed for high performance electronics and are known for durability, flexibility, and performance in harsh environments.  The portfolio includes conductive, resistive, and dielectric thick film inks, as well as Low-Temperature Co-fired Ceramic (LTCC) materials for creating multilayer circuits.  Micromax provides critical solutions to customers across a diverse range of industries, including specialized end-markets such as aerospace, defense, and healthcare.  The business has a materials innovation platform for emerging growth applications, such as health wearables, low earth orbit satellites, electric vehicles, and data centers. 

Element Solutions’ Chief Executive Officer Benjamin Gliklich said, “Micromax is a great fit for Element Solutions, enhancing our Electronics business’ customer value proposition and the breadth of high-value solutions we can offer to our supply chain.  While operating in different segments than our MacDermid Alpha Electronics Solutions Business, Micromax is similar in that it is a leader in its focus areas which are also reliant on products co-developed with customers and that require high levels of applications expertise.  Its product portfolio aligns with our core competencies in formulations capability and metals expertise with a high-touch, low capital intensity operating model.  Equally importantly, the business brings a proven team of experienced, highly technical leaders in adjacent electronics materials segments.  Following this transaction, our Electronics segment will boast one of the broadest product portfolios across the electronics supply chain with sales of approximately $2 billion.”

Rick Fricke, President, MacDermid Alpha Electronics Solutions Inc added, “We believe adding Micromax to our MacDermid Alpha Electronics Solutions business will further strengthen our strong customer value proposition by broadening our range of products and ability to serve our customers. This strategic move will unlock significant opportunities to serve customers developing increasingly complex, miniaturized and high-reliability electronic systems. This acquisition is the natural next step in a series of actions we have taken to position our Electronics business for sustained growth in the most technical niches of our industry and toward our vision of being the best partner to our customers to solve the evolving challenges of advanced packaging, multilayer circuitry, and critical performance across demanding applications.”

The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions