Mitsubishi Chemical America to Acquire Gelest

Paul, Weiss is advising Mitsubishi Chemical America, Inc. in its acquisition of Gelest, Inc. from New Mountain Capital LLC. Gelest manufactures and supplies silicones, organosilanes, metal-organics and specialty monomers for advanced technology end markets, including medical devices, life sciences, microelectronics and personal care. Terms of the transaction expected to close in late 2020 pending regulatory clearances, were not publicly disclosed.

The Paul, Weiss team included corporate partners Tarun Stewart and Tong Yu and counsel Chikara Momota and Chaim Theil; litigation partner Joseph Bial and counsel Peter Jaffe and Steven Herzog; intellectual property partner Jonathan Ashtor; employee benefits partner Lawrence Witdorchic; tax partner David Sicular; real estate partner Mitchell Berg; environmental counsel William O’Brien; antitrust counsel Marta Kelly; and international trade counsel Richard Elliott.