AlliedSignal Specialty Chemicals To Acquire Southwest Microelectronic Materials.MORRIS TOWNSHIP There are several places named Morris Township in the United States:
See: New York Stock Exchange : ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) announced today that its Specialty Chemicals business has agreed to purchase Southwest Microelectronic Materials Inc., a Chandler, Arizona-based privately held manufacturer of high-purity process chemicals used in the semiconductor industry. Terms of the transaction were not announced. Southwest Microelectronic Materials specializes in formulating proprietary solvents, acids and etchants used in manufacturing semiconductor devices. The company, which operates a high-purity chemical production facility in Chandler and employs 17 people, will become part of Specialty Chemicals' Electronic Chemicals Group. "Purchasing Southwest Microelectronic Materials supports our strategy to rapidly grow our electronic chemicals business," said Norbert Dieterich, vice president and general manager, Chemical Specialties. "The acquisition enables us to immediately increase our production capacity and sales, broaden our customer base and add to our electronic chemicals management team's expertise in the global semiconductor industry." Dieterich said the additional production capacity will help support the recently announced alliance between AlliedSignal and Air Products Electronic Chemicals in which AlliedSignal is the exclusive manufacturer of a line of electronic process chemicals marketed by Air Products. "The purchase brings to AlliedSignal, and to our alliance with Air Products, a wide array of metal and silicon etchants, critical applications support and long-term industry experience," Dieterich said. "This combination will significantly increase the value that AlliedSignal and the alliance can deliver to semiconductor customers. Overall, the acquisition strengthens AlliedSignal's ongoing efforts to quickly and aggressively grow our global electronic chemicals sales." AlliedSignal's Electronic Chemicals Group currently has production facilities in Seelze, Germany; Muskegon, Michigan Muskegon (mus-kēg'n) is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 40,105. The city is the county seat of Muskegon County, Michigan6. ; and Geismar, Louisiana. The Electronic Chemicals Group is a global custom manufacturer and supplier of high-purity wet process chemicals used in the global semiconductor industry. It is part of the company's $1.6 billion Specialty Chemicals (www.specialtychem.com) business, a global custom manufacturer and supplier of specialty and fine chemical products for a diverse range of applications. AlliedSignal Inc. is a $14.5-billion advanced manufacturing and technology company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . The company employs 70,500 people worldwide. AlliedSignal is a component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index 500 Index, and it is included in Fortune magazine's lists of the "Global Most Admired Companies" and the "100 Best Companies To Work For in America." Additional information on the company is available on the World Wide Web at http://www.alliedsignal.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. |
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