Element Solutions Inc Completes Acquisition of Micromax® Business

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Element Solutions Inc (ESI) announced the completion of its acquisition of the Micromax conductive pastes and inks business, effective February 2, 2026. Micromax will operate within MacDermid Alpha Electronics Solutions, part of ESI’s Electronics segment.

The acquisition strengthens ESI’s position as a leading global supplier of specialized electronic materials serving the electronics design and manufacturing industry. By combining Micromax’s expertise in conductive pastes, inks, and ceramic materials with MacDermid Alpha’s broad electronics materials portfolio, ESI expands its ability to support innovation across advanced and high-reliability electronics applications.

“The acquisition of Micromax is a strong strategic fit for ESI and reinforces our focus on high-value, technology-driven businesses,” said Richard Fricke, President, Electronics, adding “Micromax’s differentiated materials and long-standing customer relationships further strengthen our Electronics segment and expand our ability to support innovation across the electronics manufacturing ecosystem.”

Building Breakthroughs by Leveraging Our Combined Expertise

With Micromax now part of MacDermid Alpha Electronics Solutions, customers gain access to a broader, highly complementary portfolio of advanced electronic materials designed to enable performance, reliability, and design flexibility. The combined portfolio includes thick-film conductive inks compatible with polymer films, glass tapes, metals, and ceramics, as well as Low Temperature Co-Fired Ceramic (LTCC) materials that support high multilayer circuit density and withstand extreme operating environments.

These materials are used in critical electronic functions, such as circuitry, interconnection, and packaging and serve a wide range of end-use markets, including automotive and advanced mobility, telecommunications/5G infrastructure, consumer electronics, aerospace and defense, and medical devices.

“Micromax brings highly complementary technologies and deep materials expertise that align naturally with MacDermid Alpha’s mission,” said Bruce Moloznik, Sr. VP Business Integration, MacDermid Alpha Electronics Solutions. “Together, we are building breakthroughs that help customers accelerate innovation, deliver high reliability, and compete with confidence in demanding electronics markets.”