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Elementis completes acquisition of Mondo Minerals

Tuesday, 23rd October 2018
Specialist chemicals company Elementis said it had completed its acquisition of Mondo Minerals from private equity group Advent International.

'Mondo is a high quality business with significant opportunities for future growth, and we are excited about the opportunities we believe this acquisition will unlock for Elementis,' chief executive Paul Waterman said.

Last month, Elementis said the acquisition cost had been revised down to an enterprise value of $500m, below the $600m price agreed in June.

At 1:07pm: (LON:ELM) Elementis PLC share price was -4.05p at 195.95p

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