Florida Chemical Maker Element Solutions Is Said to Explore Sale

Specialty chemicals manufacturer Element Solutions Inc. is exploring options including a sale, according to people familiar with the matter.

The company has hired Bank of America Corp. and Goldman Sachs Group Inc. as it gauges interest from potential suitors, said the people, who asked not to be identified discussing confidential information. The chemicals maker is most likely to draw interest from its peers, as well as from some financial investors, they said.

Shares of the Fort Lauderdale, Florida-based company have gained about 7% this year, giving it a market value of roughly $6 billion.

Deliberations are in the early stages ...