Element Solutions Completes Sale of MacDermid Graphics Solutions

Element Solutions Inc (ESI) has announced the completion of the sale of its flexographic printing plate business, MacDermid Graphics Solutions, to XSYS for an enterprise value of roughly $325 million. XSYS is a global specialist provider in the flexographic printing sector.An existing capital loss is expected to offset almost all of the taxable benefits from this transaction. The net proceeds are intended to be used to further reduce leverage and for general company objectives. The sale agreement was announ ...