Chase Corporation Acquires Sheldahl

Chase Corporation announced the acquisition of Sheldahl from Flex (NASDAQ: FLEX), expanding its aerospace and electronics engineered materials capabilities.

Rhea-AI Summary

Chase Corporation announced the acquisition of Sheldahl from Flex (NASDAQ: FLEX), expanding its aerospace and electronics engineered materials capabilities. Sheldahl designs coated films, laminates, and flexible circuits for aerospace, automotive, industrial, and medical markets.

The deal closed upon signing. Sheldahl’s employees will join Chase’s equity-based ownership program, and its long-standing relationships with leading OEMs and participation in major space programs are expected to enhance Chase’s specialized thin‑film solutions portfolio.

Positive

• Acquisition of Sheldahl expands Chase’s aerospace and electronics engineered materials capabilities
• Sheldahl adds specialized coated films, laminates, and flexible circuit technologies across multiple end markets
• Deal closed upon signing, providing immediate consolidation of Sheldahl into Chase
• Sheldahl employees join Chase’s broad-based equity ownership program

Negative

• None.

Argus Jun 10 session

-5.24% close to close Open Argus

Details

News Market Reaction – FLEX

In the Jun 10 session, FLEX declined 5.24%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -5.2% in the session following this news. A negative reaction despite strategic port...

Analysis

The stock moved -5.2% in the session following this news. A negative reaction despite strategic portfolio activity would fit prior patterns where at least one acquisition headline saw a -6.53% move. Historical data suggest that even seemingly accretive deals can face skepticism around price paid, integration, or strategic fit. Subsequent filings, segment performance, and any changes to capital structure typically become key checkpoints for whether initial concerns eased or persisted.

Key Figures

Operating history: more than 70 years

Operating history

more than 70 years

Sheldahl’s advanced materials and manufacturing heritage

Previous Acquisition Reports

5 past events · Latest: May 12

Same Type 5 events

1. May 12

   Acquisition announcement

   24h Move

   +2.9%

   Nextpower agreed to buy power conversion assets to expand into inverter and storage.

2. May 04

   Acquisition completion

   24h Move

   +0.1%

   Flex completed EP² acquisition, adding engineered power control capabilities.

3. Mar 30

   Acquisition agreement

   24h Move

   -6.5%

   Flex announced a roughly $1.1B EP² deal to expand Critical Power portfolio.

4. Sep 08

   Acquisition announcement

   24h Move

   +0.6%

   Nextracker bought Origami Solar to enter solar panel frame market.

5. Nov 20

   Acquisition completion

   24h Move

   +6.7%

   Flex closed $325M Crown Technical Systems deal, expanding power distribution exposure.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

oem

1 terms

oem technical

"strong relationships with leading OEM customers."

OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Expands Aerospace and Electronics Engineered Materials Capabilities

WESTWOOD, Mass. and NORTHFIELD, Minn., June 9, 2026 /PRNewswire/ -- Chase Corporation ("Chase"), a leading global provider of engineered materials for high-reliability applications, today announced it has acquired Sheldahl from Flex (NASDAQ: FLEX). Sheldahl designs and manufactures specialized coated films, laminates, and flexible circuit technologies for aerospace, automotive, industrial, and medical markets.

For more than 70 years, Sheldahl has developed advanced materials and manufacturing processes for high-performance applications, including thin-film technologies used in major commercial and defense space programs.

"Sheldahl is a strong strategic fit for Chase and represents a highly attractive growth investment that expands our capabilities in specialized, highly-engineered thin-film solutions for specification-driven, mission-critical applications," said Eric Conley, Chief Executive Officer of Chase Corporation. "Sheldahl has built an impressive business with differentiated manufacturing expertise, decades of heritage supporting landmark space missions from Apollo 11 to the James Webb Space Telescope, and strong relationships with leading OEM customers. We look forward to building on those strengths and supporting the company's continued growth."

Sheldahl employees will join Chase's broad-based ownership program, which provides employees with the opportunity to participate in the benefits of equity ownership.

The transaction closed upon signing. Financial terms were not disclosed.

Kirkland & Ellis LLP served as legal advisor to Chase. Guggenheim Securities, LLC served as financial advisor, and Fredrikson & Byron, P.A. served as legal advisor to Flex.

About Chase Corporation

Founded in 1946, Chase Corporation is a global leader in the development and manufacture of engineered materials for high-reliability applications. Its products deliver enhanced performance and durability in demanding environments, serving customers in the industrial, infrastructure, and electronics sectors.

For more information, visit www.chasecorp.com.

About Sheldahl

Sheldahl specializes in the design and manufacture of highly-engineered materials and manufacturing processes for high-performance applications. With over 70 years of innovation and a vertically integrated manufacturing footprint, Sheldahl serves customers across North America and globally in the space, automotive, industrial, and medical sectors.

For more information, visit www.sheldahl.com.

Media Contact:
Corporate Communications
corporatecommunications@chasecorp.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/chase-corporation-acquires-sheldahl-302795615.html

SOURCE CHASE CORPORATION

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Chase Corporation announce about acquiring Sheldahl from Flex (NASDAQ: FLEX) on June 9, 2026?

Chase Corporation announced it acquired Sheldahl from Flex, closing the transaction upon signing. According to Chase, Sheldahl adds specialized coated films, laminates, and flexible circuit technologies serving aerospace, automotive, industrial, and medical markets, broadening Chase’s engineered materials portfolio.

How does the Sheldahl acquisition enhance Chase Corporation’s aerospace and electronics capabilities?

The acquisition enhances Chase’s capabilities in specialized, highly engineered thin-film solutions for mission-critical use. According to Chase, Sheldahl’s thin-film technologies support major commercial and defense space programs, complementing Chase’s high-reliability materials focus and strengthening its position in aerospace and electronics markets.

What markets does Sheldahl serve following its sale by Flex (FLEX) to Chase Corporation?

Sheldahl serves aerospace, automotive, industrial, and medical markets with coated films, laminates, and flexible circuits. According to Chase, Sheldahl’s technologies are used in high-performance, specification-driven applications, including space programs, supporting long-term demand in multiple advanced manufacturing end markets.

Were the financial terms of Chase Corporation’s acquisition of Sheldahl from Flex (FLEX) disclosed?

The financial terms of the Sheldahl acquisition were not disclosed by the parties. According to Chase, the focus of the announcement is on strategic fit, growth potential, and Sheldahl’s advanced thin‑film capabilities rather than specific purchase price or valuation metrics.

What happens to Sheldahl employees after the acquisition by Chase Corporation from Flex (NASDAQ: FLEX)?

Sheldahl employees will join Chase’s broad-based ownership program, gaining access to equity participation. According to Chase, this program lets employees share in the benefits of ownership, potentially aligning workforce incentives with the company’s long-term growth and performance goals.

Why does Chase Corporation view the Sheldahl acquisition as a growth investment?

Chase describes Sheldahl as a highly attractive growth investment expanding its thin-film solutions capabilities. According to Chase, Sheldahl brings differentiated manufacturing expertise, decades of heritage in landmark space missions, and strong OEM customer relationships that may support continued business growth.