On February 28, 2025, the Company completed the sale of its flexographic printing plate business, MacDermid Graphics Solutions, for $323 million, net of cash, subject to ongoing customary adjustments. MacDermid Graphics Solutions represented substantially all of the Company’s Graphics Solutions business within its Industrial & Specialty segment. The sale resulted in a gain of $70.9 million, which was recognized as "Other income" in the Condensed Consolidated Statements of Operations.

The disposition met the accounting criteria to be classified as held for sale but did not meet the criteria to be reported as discontinued operations. As a result, the assets and liabilities of MacDermid Graphics Solutions were classified as held for sale in the Condensed Consolidated Balance Sheets and depreciation and amortization ceased as of September 1, 2024; the signing date of the sale and purchase agreement for this transaction.

The major components of MacDermid Graphics Solutions' assets and liabilities classified as held for sale were as follows:


(dollars in millions)	December 31, 2024
Assets held for sale:
Accounts receivable, net	$	28.7
Inventories	30.6
Other current assets	5.9
Current assets held for sale	65.2
Property, plant and equipment, net	35.3
Goodwill	127.9
Intangible assets, net	11.0
ROU assets	11.3
Other assets	3.4
Non-current assets held for sale	$	188.9
Liabilities held for sale:
Accounts payable	$	9.3
Accrued expenses and other current liabilities	9.4
Current liabilities held for sale	18.7
Non-current lease liabilities	11.4
Other liabilities	2.1
Non-current liabilities held for sale	$	13.5