RYE, NY – The founder of a major consumer products company is planning to purchase MacDermid for $1.8 billion, says The Wall Street Journal. Jarden founder and chairman Martin Franklin is also expected to buy several more chemicals businesses, according to reports.
The deal is expected to close by year-end. MacDermid, which makes plating and other chemistries for electronics and related applications, has recorded revenue of about $740 million year-to-date, says The WSJ.
The deal will be funded through Platform Acquisition Holdings, which will be renamed Platform Specialty Products after closing.
In 2007, MacDermid was taken private for $1.3 billion through a management buyout.
Jarden supplies consumer products to large retailers, such as Wal-Mart, Target and Bed, Bath and Beyond.