Platform Acquisition Holdings Ltd., the investment company founded by Martin E. Franklin, agreed to buy closely held MacDermid Group Inc. in a deal valued at $1.8 billion in what it said will be the first in a series of specialty-chemical acquisitions.

The transaction should close this month, after which Platform plans to moves its shares from the London Stock Exchange to the New York Stock Exchange by year-end, the Tortola, British Virgin Islands-based company said yesterday in a statement. It also plans to rename itself Platform Specialty Products Corp.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.