Versum Materials to Acquire Dynaloy, a Leading Cleans Solutions Supplier for Semiconductor Advanced Packaging
11 Luglio 2017 - 10:30PM
Business Wire
- Advances Surface Prep and Clean
(SP&C) materials position for semiconductor advanced
packaging
- Expands Versum’s technology portfolio
and technical capabilities
- Aligns with strategy for
value-enhancing inorganic bolt-on investments
Versum Materials, Inc. (NYSE: VSM), a leading global materials
supplier to the semiconductor industry, announced today that it has
agreed to acquire Dynaloy, LLC from Eastman Chemical Company (NYSE:
EMN) for approximately $13 million. Dynaloy is a leading supplier
of formulated cleaning solutions for the semiconductor and
specialty manufacturing industries.
“We are excited for the Dynaloy team to join Versum," said
Edward Shober, Senior Vice President, Materials. "With a strong
patented product portfolio and customer relationships, the
acquisition of Dynaloy exemplifies Versum’s strategy to enhance its
SP&C technology capabilities and product offerings to the
growing advanced packaging materials market in the semiconductor
industry.”
Versum Materials’ SP&C technologies are used to selectively
etch and remove residue and contamination during multiple steps of
the integrated circuit fabrication process. After closing,
Dynaloy’s business will be integrated into Versum’s portfolio of
SP&C formulated product offerings and will strengthen and
accelerate its growth in Advanced Packaging, one of the fastest
growth segments in the cleans market.
“Dynaloy’s business with its technology, products, people,
skills, knowledge, and expertise complements Versum’s SP&C
business,” said Dr. Tianniu Rick Chen, General Manager for
Materials’ Surface Prep and Clean. “Together, we look forward to
continuously driving value for our customers through innovative
advanced cleaning offerings.”
The transaction is expected to close during the fiscal fourth
quarter 2017. It will be funded from cash on hand and is expected
to be accretive to earnings in the first full year of
operation.
About Versum Materials
Versum Materials, Inc. (NYSE: VSM) is a leading electronic
materials company providing high-purity chemicals and gases,
delivery systems, services and materials expertise to meet the
evolving needs of the global semiconductor and display industries.
Derived from the Latin word for “toward,” the name “Versum”
communicates the company’s deep commitment to helping customers
move toward the future by collaborating, innovating and creating
cutting-edge solutions.
A global leader in technology, quality, safety and reliability,
Versum Materials is one of the world’s leading suppliers of next
generation CMP slurries, ultra-thin dielectric and metal film
precursors, formulated cleans and etching products, and delivery
equipment that has revolutionized the semiconductor industry.
Versum Materials, which began trading October 3, 2016 on the NYSE
as an independent company, has annual sales of approximately $1
billion, 1,900 employees and 10 major facilities in Asia and North
America. It is headquartered in Tempe, Arizona. Prior to its
separation on October 1, 2016, Versum Materials had operated for
more than three decades as a division of Air Products and
Chemicals, Inc. (NYSE: APD).
For additional information, please visit
http://www.versummaterials.com.
Investor Inquiries:Nahla A. Azmy,
480-482-4334Nahla.Azmy@versummaterials.com
Media Inquiries:Tiffany Zinn,
480-282-6475Tiffany.Zinn@versummaterials.com
Forward-Looking Information:
This press release contains, and management may make, certain
“forward-looking statements” within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. These forward-looking
statements may be identified by references to future periods, and
include statements about the anticipated closing date, and the
impact of this acquisition, including our expectations as to
earnings per share accretion and future profitability. These
forward-looking statements are based on management’s reasonable
expectations and assumptions as of the date the statements were
made. Actual results and the outcomes of future events may differ
materially from those expressed or implied in the forward-looking
statements because of a number of risks and uncertainties,
including, without limitation, the risk factors described in our
filings with the Securities and Exchange Commission, including
in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2016, and in our subsequent periodic
filings.
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version on businesswire.com: http://www.businesswire.com/news/home/20170711006463/en/
Versum Materials, Inc.Investor Inquiries:Nahla A. Azmy,
480-482-4334Nahla.Azmy@versummaterials.comorMedia
Inquiries:Tiffany Zinn,
480-282-6475Tiffany.Zinn@versummaterials.com
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