Spending 98.5 billion RMB! Solstice Advanced Materials—just spun off from Honeywell—immediately launches a massive acquisition; a plastic additives leader ventures into lithium-ion batteries. What, exactly, are these industry giants racing to secure?

In July 2026, a wave of mergers and acquisitions is sweeping the global chemical industry. On July 6, Solstice Advanced Materials—spun off from Honeywell less than one year earlier—announced its acquisition of specialty chemicals company Element Solutions for approximately $14.5 billion (roughly RMB 98.5 billion). Prior to this, Olin—the world’s leading chlor-alkali producer—and Huntsman—a global polyurethane giant—announced an equal merger; Covestro completed its acquisition of two HDI derivative production facilities formerly owned by Kaneka in Thailand and the U.S.; and Richem, a leading Chinese plastic additives manufacturer, began planning a cross-sector acquisition to gain controlling interest in Genyuan New Materials, a lithium-ion battery additives firm. Within just one month, the global chemical industry has witnessed everything: multibillion-dollar cross-border M&As involving A-share listed companies venturing into new sectors; vertical integration efforts alongside horizontal capacity consolidation; divestitures of non-core assets; and strategic positioning in high-potential growth areas—signaling a profound, structural reshaping of the entire sector. Upgrading to Premium New Materials: Strategic Positioning in High-End Segments Solstice Advanced Materials, only spun off from Honeywell in October 2025, moved swiftly—less than a year after independence. On July 6, the high-performance materials company announced its $14.5 billion acquisition of Element Solutions, a specialty chemicals enterprise. The deal is expected to close in the first half of 2027. Solstice focuses on two core business segments: refrigerants and application solutions, and electronics & specialty materials. It operates 24 manufacturing sites, four R&D centers, and employs 4,000 professionals worldwide—providing a solid foundation for global production and technological development. Element Solutions specializes in specialty chemicals for electronic manufacturing, surface treatment, and industrial processing. In 2025, it achieved net sales of $2.55 billion, with 62 manufacturing and R&D facilities globally and a workforce of 5,200. Notably, its electronics materials business accounts for roughly 70% of both revenue and profit. The transaction’s consideration structure offers Element shareholders $10 in cash plus 0.5 shares of Solstice stock per share—an implied value of approximately $50.10 per share, representing a 15% premium over Element’s pre-announcement closing price. Upon completion, Element’s shareholders will hold approximately 44% of the combined company. Solstice projects that the merged entity will generate net sales of about $6.8 billion, achieve an adjusted EBITDA margin of 26%, and realize over $180 million in net synergies by the third year post-closing. What Solstice seeks is Element’s capabilities in semiconductor manufacturing, packaging, and assembly materials. Solstice’s refrigerant business already serves data center cooling applications; combining that with Element’s electronic formulations and product portfolio enables the merged company to directly enter AI infrastructure and high-end semiconductor materials markets. From traditional refrigerants to electronic advanced materials, Solstice’s intent is unmistakable—to seize a faster-growing, higher-value segment. Supply Chain Restructuring: Vertical Integration to Fill Critical Gaps While Solstice is acquiring a “growth track,” Olin and Huntsman are addressing “capability gaps.” On June 16, Olin Corporation—the largest U.S. chlor-alkali producer—announced a stock-for-stock merger with Huntsman Corporation.

American Elements: High-Purity Advanced Materials — Versatile Forms, Broad Applications

High-Purity Advanced Materials — Versatile Forms, Broad Applications American Elements offers a comprehensive portfolio of advanced materials essential for scientific research and industrial applications—including metals, alloys, compounds, ceramics, and nanomaterials. The company supplies over 35,000 distinct products, distinguished by their ability to support all stages—from R&D to mass production—across diverse technical fields. It also provides numerous highly specialized research-grade chemicals, precursors, catalysts, and nanomaterials, widely used as foundational materials supporting academic and industrial research. Furthermore, its product range encompasses multiple physical forms—including powders, solutions, nanoparticles, sputtering targets, foils, and wires—enabling users to select the optimal form for specific applications. Additionally, American Elements maintains extensive product lines serving industrial application domains such as energy, chemical processing, and materials fabrication—facilitating end-to-end material procurement from fundamental research through product development. All materials are manufactured in ISO 9001–certified facilities, under a rigorous quality management system emphasizing ultra-high purity and consistent performance—ensuring reliable, trustworthy materials for both research and industrial use. Shenzhen Fulintongshen Technology Co., Ltd. is the authorized Chinese distributor for American Elements Inc. With extensive expertise in high-purity materials, we supply customers with metals, ceramics, polymers, and other precision specialty materials. Primary Applications: • Materials science research • Catalyst development & chemical processes • Energy technologies & fuel cells • Materials processing & thin-film deposition • Electronics development Key Advantages: • One-Stop Material Procurement: Access over 35,000 materials from a single source—reducing procurement time and lead times. • Enhanced Reliability via High Purity: An ISO 9001–based quality management system improves experimental reproducibility and process stability in manufacturing. • Optimal Form Selection: Choose from a wide variety of physical forms to maximize experimental efficiency and processing performance. • Intuitive Categorization by Application Field: Systematically organized product structures—grouped by purpose and technical domain—simplify material search and selection. • Seamless Transition from Research to Mass Production: Consistent material specifications enable uninterrupted usage from early-stage R&D through product development and full-scale manufacturing—ensuring procurement continuity. I. Category Details 01. Rare Earths — Details This category includes high-purity products of 17 rare earth elements—including scandium, yttrium, and the lanthanides. Leveraging their unique magnetic, optical, and catalytic properties, these elements serve as high-performance materials across cutting-edge devices and research applications. Key Features: • High-Purity Materials: Primarily offered in purity grades ranging from 99% to 99.999%—available as metals, oxides, and compounds • Diverse Physical Forms: Supplied as powders, nanopowders, foils, rods, sputtering targets, and more • Function-Oriented Design: Engineered to fully exploit each element’s distinctive properties—e.g., magnetism, optical characteristics, or catalytic activity Application Examples: High-performance magnets, catalysts, glass polishing & coloring agents, optical components & laser materials, ceramic modifiers Product Range: Metals, oxides, nanopowders, and sputtering targets of cerium, neodymium, dysprosium, erbium, and others

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