{"id":77394,"date":"2021-12-07T09:06:37","date_gmt":"2021-12-07T17:06:37","guid":{"rendered":"https:\/\/covestreetcapital.com\/?p=77394"},"modified":"2021-12-09T05:36:18","modified_gmt":"2021-12-09T13:36:18","slug":"ben-gliklich-element-solutions","status":"publish","type":"post","link":"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/","title":{"rendered":"Specialty Chemical Mega Trends and Wide Moats with Ben Gliklich, CEO of Element Solutions, Inc."},"content":{"rendered":"<p>Season 2 of Compounders kicks off with a discussion with Ben Gliklich, the CEO of Element Solutions (Ticker: ESI), a $5.95 billion market cap specialty chemicals company. Element Solutions was formerly known as Platform Specialty Products and was founded by Sir Martin Franklin of Jarden fame\u2014with the help of Bill Ackman from Pershing Square. The company was designed to be a roll-up but, after some initial success, it was derailed by an over-levered balance sheet. Ben became CEO in 2019 and since then has overseen a process by which Element has reduced business complexity, fixed its balance sheet, and has proven out its claims regarding its resilient margin structure.<\/p>\n<p>Given that the company provides products that facilitate the fabrication of semiconductors, Element has a front row seat when it comes to all of the issues regarding the global chip shortage. Accordingly, I thought it would be a great time to talk to Ben about:<\/p>\n<ul>\n<li>His path to becoming CEO and what he has learned about leadership along the way;<\/li>\n<li>How the company is navigating all of the customer disruption tied to the chip shortage;<\/li>\n<li>The mega trends that are poised to propel the business over the next decade;<\/li>\n<li>How the company is approaching M&amp;A and leverage after the initial stumbles at Platform Specialty; and<\/li>\n<li>From where Element Solutions derives its moat and pricing power<\/li>\n<\/ul>\n<p><em>*For full disclosure, Cove Street is not an ESI shareholder.<\/em><\/p>\n<p>Please enjoy the episode below or at the following sites:<\/p>\n<p>YouTube: <a href=\"https:\/\/www.youtube.com\/watch?v=qQXcpB-xfnQ\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=qQXcpB-xfnQ<\/a><br \/>\nSpotify: <a href=\"https:\/\/open.spotify.com\/episode\/3oP9pJhRKFbtDKlT64mCB8\" target=\"_blank\" rel=\"noopener\">https:\/\/open.spotify.com\/episode\/3oP9pJhRKFbtDKlT64mCB8<\/a><br \/>\nPodbean: <a href=\"https:\/\/compounders.podbean.com\/e\/specialty-chemical-mega-trends-and-wide-moats-with-ben-gliklich-ceo-of-element-solutions-inc-nyse-esi\/\" target=\"_blank\" rel=\"noopener\">https:\/\/compounders.podbean.com\/e\/specialty-chemical-mega-trends-and-wide-moats-with-ben-gliklich-ceo-of-element-solutions-inc-nyse-esi\/<\/a><br \/>\nApple: <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/specialty-chemical-megatrends-and-wide-moats-with\/id1579124518?i=1000544184661\" target=\"_blank\" rel=\"noopener\">https:\/\/podcasts.apple.com\/us\/podcast\/specialty-chemical-megatrends-and-wide-moats-with\/id1579124518?i=1000544184661<\/a><\/p>\n<p>As always, if you have any comments, feedback, or guest recommendations, please contact us at <a href=\"mailto:podcast@covestreetcapital.com\" target=\"_blank\" rel=\"noopener\">podcast@covestreetcapital.com<\/a>. You can also follow the podcast on Twitter @ <a href=\"https:\/\/twitter.com\/CompoundersPod\" target=\"_blank\" rel=\"noopener\">https:\/\/twitter.com\/CompoundersPod<\/a>.<\/p>\n<p><iframe title=\"Specialty Chemical Megatrends and Wide Moats with Ben Gliklich, Element Solutions, Inc. (NYSE: ESI)\" width=\"800\" height=\"450\" data-src=\"https:\/\/www.youtube.com\/embed\/qQXcpB-xfnQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Season 2 of Compounders kicks off with a discussion with Ben Gliklich, the CEO of Element Solutions (Ticker: ESI), a $5.95 billion market cap specialty chemicals company. Element Solutions was formerly known as Platform Specialty Products and was founded by Sir Martin Franklin of Jarden fame\u2014with the help of Bill Ackman from Pershing Square. The [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9238,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[73,31],"tags":[],"class_list":["post-77394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts-recordings","category-thoughts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Specialty Chemical Mega Trends and Wide Moats with Ben Gliklich, CEO of Element Solutions, Inc. &#8212; Cove Street Capital<\/title>\n<meta name=\"description\" content=\"Cove Street Capital &#8212; Specialty Chemical Mega Trends and Wide Moats with Ben Gliklich, CEO of Element Solutions, Inc. &#8212; Season 2 of Compounders kicks off with a discussion with Ben Gliklich, the CEO of Element Solutions (Ticker: ESI), a $5.95 billion market cap specialty chemicals company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Specialty Chemical Mega Trends and Wide Moats with Ben Gliklich, CEO of Element Solutions, Inc. &#8212; Cove Street Capital\" \/>\n<meta property=\"og:description\" content=\"Cove Street Capital &#8212; Specialty Chemical Mega Trends and Wide Moats with Ben Gliklich, CEO of Element Solutions, Inc. &#8212; Season 2 of Compounders kicks off with a discussion with Ben Gliklich, the CEO of Element Solutions (Ticker: ESI), a $5.95 billion market cap specialty chemicals company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Cove Street Capital\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-07T17:06:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-09T13:36:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/07\/Podcasts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeffrey Bronchick, CFA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeffrey Bronchick, CFA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/\"},\"author\":{\"name\":\"Jeffrey Bronchick, CFA\",\"@id\":\"https:\/\/covestreetcapital.com\/#\/schema\/person\/32ec902c1d19238832ba33820aadf26d\"},\"headline\":\"Specialty Chemical Mega Trends and Wide Moats with Ben Gliklich, CEO of Element Solutions, Inc.\",\"datePublished\":\"2021-12-07T17:06:37+00:00\",\"dateModified\":\"2021-12-09T13:36:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/\"},\"wordCount\":330,\"publisher\":{\"@id\":\"https:\/\/covestreetcapital.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/covestreetcapital.com\/ben-gliklich-element-solutions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/07\/Podcasts.jpg\",\"articleSection\":[\"Podcasts &amp; 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