Mitsubishi Chemical Corp. to acquire Gelest

摘要

Mitsubishi Chemical America, Inc., New York, has entered into an agreement to acquire Gelest Intermediate Holdings, Inc., parent company of Gelest, Inc., Morrisville, Pa., and a portfolio company of New Mountain Capital, LLC. Gelest is a manufacturer of Biosafe Antimicrobial technology, which is used in a variety of applications, including foodser-vice towels and face masks. "We are excited to acquire Gelest as its business fits well within Mitsubishi Chemical Corp.'s long-term strategy," said Steve Yurich, president of Mitsubishi Chemical America. "Since becoming familiar with Gelest, we have recognized the tremendous capabilities in research and development and production that help create its outstanding position with key customers."