Platform Specialty Products Corporation announced that the Company has received all approvals necessary to complete the sale of Arysta LifeScience Inc. ("Arysta") to UPL Corporation Ltd. ("UPL") and expects the transaction to close on January 31, 2019. The closing of this transaction will start a new chapter for Platform, which will change its name to Element Solutions Inc. Rakesh Sachdev has announced his intention to retire from his current role of Chief Executive Officer of Platform, effective at closing of the transaction, while remaining an active Board member of the company. Platform's Board has named Benjamin Gliklich, currently Executive Vice President of Operations & Strategy, to succeed Mr. Sachdev as Chief Executive Officer and to join Platform's Board of Directors.

Element Solutions will be led by Executive Chairman Martin E. Franklin, Mr. Gliklich, and Scot R. Benson, who has been promoted to the role of President & Chief Operating Officer, as members of the new Office of the Chairman.