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Mitsubishi Buys Gelest

Move expands 'breadth and depth' in the advanced materials sector.

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...

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