ATMI Acquires ESCA, Inc.; Enhances Microelectronics Services, Logistics, and Management Capabilities.Business Editors, High-Tech Writers DANBURY, Conn.--(BUSINESS WIRE)--July 10, 2000 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 has acquired ESCA ESCA Electron Spectroscopy for Chemical Analysis ESCA Escaflowne (anime series) ESCA European Speech Communication Association ESCA Escuela Superior de Comercio y Administración (México) , Inc. and ESCA Ireland, Inc. (together, ESCA) of Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. in a 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. transaction valued at approximately $17 million. ATMI exchanged 369,505 shares of its common stock for all interests in ESCA. Doug Neugold, ATMI's President, said, "ATMI is one of the semiconductor industry's leading suppliers of performance materials and technologies used in semiconductor fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. processes. In response to the trends we observe in the industry -- notably a desire to outsource certain functions -- ATMI will provide additional value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services to complement our excellent technology. Adding ESCA's capabilities in process tool servicing and support to our existing materials, process, and environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, business allows ATMI to further its intent of becoming the company the semiconductor industry turns to for innovative materials and related technologies and services." Thomas Barr, President of ESCA, said, "Since ESCA's inception, my brother Chris and I have focused on creating a company that is capable of meeting the stringent requirements of the global semiconductor industry. By investing in operations and quality infrastructure, and creating a model that gives our customers confidence through data, our customers realize substantial value-added from reduced consumable parts inventory Noun 1. parts inventory - an inventory of replacement parts inventory, stock list - a detailed list of all the items in stock , lifetime and most important, part performance in process. Joining ATMI allows us to further enhance our offering, and provides capital resources and distribution opportunities to meet the ever-increasing needs of our global customer base." ESCA, Inc., founded in 1996, and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. , are considered one of the market leaders in environmentally safe cleaning services for the global microelectronics industry. Privately owned, ESCA has additional sites in Dallas, Texas; Phoenix, Arizona; Portland, Oregon; and has operations in Ireland. It had consolidated revenues of approximately $6 million in its fiscal year ended September 1999, and employs nearly 70 people on a consolidated basis. ATMI provides specialty materials and related equipment systems and services for the worldwide semiconductor industry. Related equipment includes delivery, treatment, monitoring, and analytical process monitoring systems. Services include material management, equipment servicing, and thin film wafer deposition. 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; problems or delays in integrating acquired operations and businesses into ATMI; 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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