Element Solutions (ESI) unit acquires All-Star Chemical business

Element Solutions, Inc.MacDermid Enthone Industrial Solutions, its ESI business unit, is a leading provider of surface treatment technologies and has successfully acquired All-Star Chemical’s surface treatment and cleaning chemical solutions. All-Star Chemical’s proprietary chemical solutions will be seamlessly integrated into MacDermid Enthone’s broad portfolio of industrial solutions.

MacDermid Enthone expressed enthusiasm for the acquisition and said it was pleased to announce the addition of All-Star Chemical’s metal surface treatment solutions to the MacDermid Enthone product portfolio. The inclusion is expected to significantly support the company’s ongoing efforts to provide industry-leading surface finishing solutions and attract outstanding talent to enhance organizational capabilities. All-Star Chemical’s focus on customer service and its strong partnerships in the automotive and electric vehicle (EV) sectors align perfectly with MacDermid Enthone’s unwavering commitment to delivering best-in-class service and nurturing industry-leading partnerships .

Element Solutions Inc. Prices and Consensus

Element Solutions Inc. Price Consensus Chart | Element Solutions Inc. Quotes

Founded in 1983, All-Star Chemical Company is a family-owned and operated company headquartered in Westerville, Ohio, with a commendable record of providing high-quality products and services to customers in the Midwest. Brian Saas, president of All-Star Chemical Co., who is joining the MacDermid Enthone team, expressed optimism about the future. The company expressed shared enthusiasm and said it is excited about the future in partnership with the MacDermid Enthone team. The company believes this transition will provide customers with the best path to growth and success.

Both companies are committed to leading the evolving landscape of the surface treatment industry, ensuring a profitable and sustainable future for their customers and the markets they serve. This acquisition reflects their commitment to delivering industry-leading solutions and building strong partnerships in the automotive and e-mobility sectors.

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Element Solution’s stock price is up 24.1% in a year, compared with industry growth of 27.2%.

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Zacks Rank and Key Picks

Element Solution currently has a Zacks Rank #4 (Sales).

Some better-ranked stocks in the Basic Materials space are central energy corp. LEU, currently a Zacks Rank #1 (Strong Buy), Axalta Coating Systems Ltd. (AXTA) and Quaker Chemical Company (KWR), each currently carries a Zacks Rank #2 (Buy).you can see The complete list of today’s Zacks #1 Rank stocks is here.

Over the past 60 days, the Zacks Consensus Estimate for LEU’s current-year earnings has increased 30.5%. LEU has surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 47.7%. The company’s shares soared 53.6% last year.

The consensus estimate for AXTA’s earnings this year is $1.58, up 6.8% from the same period last year. AXTA has beaten the Zacks Consensus Estimate in three of the last four quarters but missed estimates in one quarter, with the average earnings surprise being 6.7%. The company’s shares have risen 29.1% over the past year.

Quaker Chemical expects this year’s profit growth rate to be 28.3%. KWR’s average earnings surprise over the trailing four quarters is about 16.7%. KWR’s shares are up 19.1% in one year.

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