June 29, 2018 / 6:37 AM / 5 months ago

UK's Elementis to buy Netherlands' Mondo for enterprise value of $600 mln

June 29 (Reuters) - Speciality chemicals company Elementis Plc said on Friday it would buy Netherlands-based Mondo Minerals B.V. from Advent International for an enterprise value of $600 million on a cash and debt basis.

Elementis expects the deal to immediately add to margins and adjusted earnings per share in the first full year of ownership.

Reporting by Arathy S Nair in Bengaluru; Editing by Amrutha Gayathri

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