SummitReheis to be Acquired by Elementis
SummitReheis has entered into an agreement to be acquired by UK-based Elementis plc. Elementis is a UK-listed specialty chemicals company with worldwide operations, serving customers in North and South America, Europe and Asia. We are joining Elementis to augment its Personal Care business, which is a key element of its growth strategy.
This is a great deal for both companies. As a combined entity, we will have complementary products, an enhanced customer base, a broader geographical footprint, and a combined personal care business of significant scale. We also anticipate that this transaction will confer significant benefits to our customers by enabling us to provide expanded product offerings and sales and distribution in more than 50 countries to better support the needs of our customers.
Until the deal closes, we remain two separate companies. The completion of this transaction is subject to regulatory and other requirements, and we anticipate closing in the coming months. Upon anticipated transaction close, we look forward to sharing more with our customers about our expanded capabilities. In the meantime, please be assured that we are focused on business as usual.
We thank our valued customers for ongoing business and look forward to continued collaboration.
Please direct inquires to Hamel Dave (email@example.com) or Matthias Ewald (firstname.lastname@example.org).