Franklin Mutual Advisers Sends Letter Urging Elementis' Board of Directors to Pursue an Immediate Sale of the Company
[1] The Company's strong gross margins confirmed to us that its products reside at the premium end of performance additives.
- [1] The Company's strong gross margins confirmed to us that its products reside at the premium end of performance additives.
- This business primarily comprises active ingredients for cosmetics and antiperspirant actives with 85% of Elementis' cosmetic products derived from natural materials.
- [4] The Company's anti-perspirant active ingredients business holds the largest market share position in the world at 40%.
- Franklin Mutual Advisers, LLC, the investment advisor for the Franklin Mutual Series funds, is a wholly owned subsidiary of Franklin Resources, Inc., a global investment management organization with subsidiaries operating as Franklin Templeton.