Gelest Closes Sale to Mitsubishi Chemical America, Names Goff Chief Technology Officer
Gelest produces silicones, organosilanes, metal-organics, and specialty monomers technology for high-growth materials science-intensive applications.
Gelest recently announced that it has completed the sale of Gelest Intermediate Holdings to Mitsubishi Chemical America, Inc. (MCA), the U.S. subsidiary of Mitsubishi Chemical Corp. (MMC). Gelest Intermediate Holdings is the parent of Gelest, Inc. and Bimax, Inc. The transaction, which was announced on April 30, 2020, has cleared all regulatory approvals.
Gelest was founded in 1990 by Barry Arkles, Ph.D., and Kevin King. The company produces silicones, organosilanes, metal-organics, and specialty monomers technology for high-growth materials science-intensive applications such as medical devices, life sciences, microelectronics, and personal care. In March 2017, New Mountain Capital, LLC (NMC) made a majority investment in Gelest and has worked with the founders and management to scale the company through organic initiatives and M&A.