Mitsubishi Buys Gelest

Mitsubishi will acquire Gelest. A purchase price was not disclosed and the transaction is expected to be completed this year. Gelest supplies silicones and other materials to the personal care market. 


“We are excited to acquire Gelest as its business fits well within MCC’s long-term strategy,” said Steve Yurich, president of Mitsubishi Corporation of 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. Furthermore, MCC’s operating resources and customer network will enhance the ability to bring Gelest’s technologies to market and accelerate the development of new customer solutions to drive advances in digital social infrastructure, vision care, and other life-sciences applications. We look forward to working alongside the team at Gelest to drive the continued growth of the company.”