MIAMI–(BUSINESS WIRE)– Element Solutions Inc (NYSE:ESI) (“Element Solutions” “ESI” or the “Company”), a global and diversified specialty chemicals company, today announced its acquisition of DMP Corporation (“DMP”), a premier provider of turnkey wastewater treatment and recycle and reuse solutions across multiple manufacturing industries. The Company today also announced the formation of MacDermid Envio Solutions, a new business focused on helping customers profitably reduce their environmental impact through proprietary water treatment and metals recycling solutions. This business will report under Element Solutions’ Industrial Solutions vertical but sell across ESI’s broader end markets. The acquisition of DMP further expands the Company’s investment in technology to provide innovative solutions helping its customers manage the existential issue of sustainability for manufacturing businesses around the world. DMP will be combined with ESI’s existing Chemtech metals recycling business to form MacDermid Envio Solutions.
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Chief Executive Officer Benjamin Gliklich said, “As environmental concerns and regulation continue to drive change within the specialty chemicals industry and our existing supply chain, we continue to invest in technology to help our customers meet and exceed these requirements. The acquisition of DMP and formation of MacDermid Envio Solutions allow Element Solutions to offer its customers capabilities that are both needed today and will be needed more over time. DMP’s existing footprint is in North America, but its technology is relevant around the world. There is a great growth opportunity in taking this business to our global customer base. Environmental matters are existential for our customers, and we are excited to help provide them with yet another set of critical solutions. We are very happy to welcome the DMP team into the ESI family.”
Mr. Gliklich continued, “MacDermid Envio Solutions will launch with a modest $20 million of annual sales; however, we have greater ambitions for it in the near term. The solutions we provide require minimal investment and have short payback periods for our customers, in addition to the significant benefit for our planet. Several of the technologies in this portfolio are novel to international markets and with modest customer education, these technologies should generate strong traction. Sales into this market will be completely additive to the existing Element Solutions businesses and a growth driver for our company. MacDermid Envio Solutions will be a case study in doing well by doing good.”
About Element Solutions
Element Solutions Inc is a leading global specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. Developed in multi-step technological processes, the innovative solutions of the Company’s businesses enable customers’ manufacturing processes in several key industries, including electronic circuitry, semiconductor, communications infrastructure, automotive systems, industrial surface finishing, consumer packaging and offshore energy.
More information about the Company is available at www.elementsolutionsinc.com.
About DMP Corporation
Founded in 1971, DMP Corporation is a leading provider of efficient, cost-effective wastewater treatment and recycle and reuse solutions. As an ISO 9001:2015 certified chemical manufacturer, DMP offers a broad selection of manufacturing proprietary chemicals and equipment that provide effective and comprehensive solutions tailored to customers’ needs across a variety of industries.
More information about the Company is available at www.dmpcorp.com.
About MacDermid Envio Solutions
Combining intimate chemistry know-how and advanced engineering solutions, MacDermid Envio Solutions provides equipment, chemistry and services that improve its customers’ environmental footprints through wastewater treatment and materials recycling solutions. Custom solutions from MacDermid Envio Solutions reduce customers’ waste discharge and save them money.
More information about the Company is available at www.macdermidenvio.com.
Element Solutions and MacDermid Envio Solutions are Trademarks of Element Solutions Inc and its subsidiaries.
Investor Relations Contact:
Associate Director, Corporate Development & IR
Element Solutions Inc
Source: Element Solutions Inc
Released August 10, 2020
Are you attending the 2019 Railroad Environmental Conference at the University of Illinois at Urbana-Champaign? If so, on October 22, 2019, between 5:00-6:30 PM, we will be giving a poster presentation on a recent case study at a Class I rail yard. Learn how your rail yard can cut energy & operational costs with ISC during the parts cleaning process.
The rail industry has been on the search for better safety in parts cleaning. Using the ISC 18425, a Class I railroad company experienced lower temperature & pH requirements and a shorter cycle.
Using a combination of the ISC 18425 and DF 4030, the fluid temperature was 40-50°F below the previous cleaning process. This dramatic reduction in the input of heat needed corresponded to an equally dramatic decrease in energy consumption.
Furthermore, the sheer amount of chemicals required for the DMP cleaning process is 50% less than the previous cleaning process used by the Class I railroad company. Also, the wastewater treatment facility reported that no neutralizing acid was required to treat the wastewater. This reduction in chemicals needed for the wash cycle and elimination of neutralizing acid during the wastewater treatment process resulted in significant and ongoing cost savings as well as reductions in environmental impact and safety exposure to facility personnel.
This reduction in energy usage, chemicals needed, and the elimination of the need for a neutralizing agent resulted in a direct cost savings of approximately $100,000 per year.
The ISC chemicals cleaning performance was impressive to the Class I rail yard. The cleaning quality was reported to be better with the ISC chemicals than with the previous chemical formulae. Each part type was observed to have a better overall appearance after cleaning, and the highly machined parts were even seen to have a more noticeable sheen.
Last but not least, the wash cycle time of the ISC cleaning process was analyzed. While some parts took the same amount of time in the cleaning cycle as the previous process, many part types achieved a faster wash cycle time. We conducted tests over a wide range of part sizes and soil loads. From small engine parts to complete locomotive block assemblies and from light oil and grease to baked-on, carbonized soil, ISC’s cleaning process delivered results better than the previous process in cleaning performance.
The partnership of ISC and the Class I railroad was an all-around success demonstrating the success DMP has brought to many industries, including the railroad industry. With the ISC 18425, the Class I railroad company is now seeing a reduction in energy usage, chemical consumption, and wash cycle time. This results in increased cleaning performance and personnel safety. These results also reduced environmental impact.
Using traditional procedures, there is no way to determine if a locomotive toilet needs servicing before an odor or sanitary issue occurs while en route from yard to yard.
Unsanitary conditions in the cab mean locomotives get pulled from service, negatively impacting employee satisfaction and, ultimately, revenue.
We recently released new formulations designed to meet the new, more stringent manufacturer requirements for protecting new GE and EMD Tier 4 locomotives. All products are backwards compatible with older locomotives. Make sure you are ready for your fleets upgrade, call now.