ATMI Acquires Delatech in $50 Million Deal; Solidifies EcoSys Semiconductor Environmental Unit as Global Leader.DANBURY, CT--(BUSINESS WIRE)--June 1, 1999-- ATMI ATMI American Textile Manufacturers Institute ATMI Association for Technology in Music Instruction ATMI Advanced Technology Materials, Inc. ATMI Application-to-Transaction Manager Interface ATMI According to My Information ATMI Atm Interface Unit , Inc. (Nasdaq: ATMI), today announced it acquired Delatech Incorporated (Milpitas, California Milpitas (IPA pronunciation: mɪlpitʌs; inhabitants are called 'Milpitans') is a city in Santa Clara County, California. It is located with San Jose to its south and Fremont to its north, at the eastern end of Highway 237 and generally between Interstate freeways 680 and ) on May 31st. ATMI issued 2.3475 million common shares in exchange for all Delatech shares in this pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. deal. Delatech, a semiconductor environmental equipment supplier, becomes part of ATMI's EcoSys semiconductor process and environmental controls business. Jim Burns, President of EcoSys, said, "EcoSys's goal is to be able to supply every semiconductor manufacturing customer with all the environmental and process gas monitoring solutions they need. Adding Delatech's products and expertise to our existing product line enables EcoSys to offer our customers complete applications coverage while strengthening our position as the technology leader in effluent abatement." Roger McKinley, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Delatech, commented, "Delatech and EcoSys are both excited by the prospects before us. Combining Delatech and EcoSys creates a global organization with the critical mass in sales and service to be the semiconductor industry's true leader in comprehensive environmental solutions." Peter Kirlin, Executive Vice President of ATMI Technologies, said, "ATMI intends to become the company the semiconductor industry turns to for innovative, integrated materials, equipment, and service solutions. Together, EcoSys and Delatech environmental solutions and services are second to none in the semiconductor gas sensor and abatement market." Delatech Incorporated, a private company, was founded in 1991 to provide environmental abatement equipment to the semiconductor industry. Based in Milpitas, California, it has approximately 110 employees and 1998 revenues in excess of $20 million. Major customers of Delatech products include Applied Materials, United Microelectronics Corp. (UMC UMC United Methodist Church UMC United Microelectronics Corporation UMC University Medical Center UMC United Microelectronics Corp (Republic of China) UMC University of Missouri-Columbia ), and Taiwan Semiconductor Manufacturing Corporation (TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code ). ATMI provides products and services for semiconductor device manufacture through its Materials and Technologies units. ATMI Materials includes ADCS ADCS Alzheimer's Disease Cooperative Study ADCS Automated Data Capture System ADCS Attitude Determination and Control System ADCS Attitude Determination and Control Subsystem ADCS Assistant Deputy Chief of Staff ADCS Army Dental Care System thin film materials and delivery systems, NovaSource sub-atmospheric gas delivery systems, and NOW high-purity materials packaging systems. ATMI Technologies includes EcoSys environmental and process solutions, Epitronics thin film deposition Placing thin films of material onto metal, ceramic or semiconductor substrates. See sputtering. services, Emosyn smart card solutions, and other ATMI ventures. Statements which are not historical information are forward looking, and involve risks and uncertainties, including, but not limited to: changes in semiconductor industry growth or ATMI's markets; competition, problems, or delays developing and commercializing new products, and other factors discussed in ATMI's filings with the Securities and Exchange Commission. Such risks and uncertainties could cause actual results to differ from those projected. http://web.atmi.com |
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