Entegris Completes Sale of Electronic Chemicals Business to Fujifilm
02 Ottobre 2023 - 2:32PM
Business Wire
Entegris, Inc. (NASDAQ: ENTG), a leading supplier of advanced
materials and process solutions for the semiconductor and other
high-technology industries, today announced the closing of the sale
of its Electronic Chemicals business to Fujifilm. Entegris sold the
Electronic Chemicals business for $700 million in cash, subject to
customary adjustments. The transaction was originally announced on
May 10, 2023.
The Electronic Chemicals business was a part of the company’s
Advanced Planarization Solutions (APS) division and was acquired by
Entegris with the acquisition of CMC Materials in July 2022. The
sale of this business further streamlines Entegris’ portfolio
following the CMC Materials acquisition. Proceeds of this
transaction will be used for debt paydown.
About Entegris
Entegris is a leading supplier of advanced materials and process
solutions for the semiconductor and other high-tech industries.
Entegris has approximately 9,000 employees throughout its global
operations and is ISO 9001 certified. It has manufacturing,
customer service and/or research facilities in the United States,
Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South
Korea, and Taiwan. Additional information can be found at
www.entegris.com.
Cautions Regarding Forward Looking
Statements
Certain statements herein are “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act. Such forward-looking
statements are often identified by words such as “anticipate,”
“approximate,” “believe,” “commit,” “continue,” “could,”
“estimate,” “expect,” “hope,” “intend,” “may,” “outlook,” “plan,”
“project,” “potential,” “should,” “would,” “will” and other similar
words or expressions. Such forward-looking statements reflect
Entegris’ current expectations or beliefs concerning future events
and actual events may differ materially from historical results or
current expectations. The reader is cautioned not to place undue
reliance on these forward-looking statements, which are not a
guarantee of future performance and are subject to a number of
uncertainties, risks, assumptions and other factors, many of which
are outside the control of Entegris. The forward-looking statements
in this document include statements concerning the use of proceeds
from the sale of the Electronics Chemicals business. Factors could
cause actual results or performance to differ materially from those
described in such forward-looking statements, including those more
fully described in Entegris’ filings with the Securities and
Exchange Commission (“SEC”), including its annual report on Form
10-K for the fiscal year ended December 31, 2022 and subsequent
quarterly reports on Form 10-Q. The forward-looking statements in
this document speak only as of this date. The Company undertakes no
obligation to revise or update publicly any forward-looking
statement, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231001885162/en/
Investor Contact: Bill Seymour VP of Investor Relations,
Treasury & Communications + 1 952 556 1844
bill.seymour@entegris.com
Media Contact: Connie Chandler Senior Director of
Corporate Communications +1 978 436 6546
connie.chandler@entegris.com
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