Chase Corporation Acquires Sheldahl
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.
AI-generated analysis. Not financial advice.
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.
Key Figures
Market Reality Check
Peers on Argus
FLEX was down 3.23% while key peers showed mixed moves: JBL -3.27%, CLS -3.61%, FN -8.05%, GLW -8.65%, and TEL slightly up 0.39%, suggesting stock-specific factors rather than a uniform sector move.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 12 | Acquisition announcement | Positive | +2.9% | Nextpower agreed to buy power conversion assets to expand into inverter and storage. |
| May 04 | Acquisition completion | Positive | +0.1% | Flex completed EP² acquisition, adding engineered power control capabilities. |
| Mar 30 | Acquisition agreement | Positive | -6.5% | Flex announced a roughly $1.1B EP² deal to expand Critical Power portfolio. |
| Sep 08 | Acquisition announcement | Positive | +0.6% | Nextracker bought Origami Solar to enter solar panel frame market. |
| Nov 20 | Acquisition completion | Positive | +6.7% | Flex closed $325M Crown Technical Systems deal, expanding power distribution exposure. |
Acquisition-related headlines over the past year have produced mostly modest positive reactions, with one notable negative move of -6.53%, and an average move of 0.78% across five events.
Over the last year, FLEX and close peers have frequently used acquisitions to expand power and infrastructure capabilities. Flex’s own EP² and Crown Technical Systems deals added engineered power control, protection systems, and utility exposure, with price reactions ranging from -6.53% to +6.7%. Peer Nextracker pursued solar frame and power-conversion assets. Today’s Sheldahl divestiture by Flex aligns with this broader theme of portfolio reshaping around high-reliability, power and infrastructure-focused engineered materials.
Historical Comparison
In the past 12 months, FLEX and peers reported 5 acquisition headlines, averaging a 0.78% move, indicating typically modest market reactions to portfolio-shaping deals.
Flex’s recent deals, including EP² and Crown Technical Systems, show a progression toward deeper power control, protection, and utility-focused solutions, with today’s Sheldahl sale fitting into ongoing portfolio reshaping.
Market Pulse Summary
This announcement highlights Flex’s sale of Sheldahl to Chase Corporation, shifting an aerospace and electronics materials asset to a buyer focused on engineered thin-film solutions. Historically, acquisition-type headlines around Flex and peers produced modest average moves of about 0.78%, with one notable downside outlier. Investors may watch for future commentary on portfolio focus, capital deployment priorities, and how divestitures interact with Flex’s ongoing power and infrastructure strategy.
Key Terms
oem technical
AI-generated analysis. Not financial advice.
Expands Aerospace and Electronics Engineered Materials Capabilities
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