Entegris closes acquisition of CMP slurry manufacturer Sinmat.
M2 EQUITYBITES-January 13, 2020-Entegris closes acquisition of CMP slurry manufacturer Sinmat
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Specialty chemicals company Entegris Inc (Nasdaq:ENTG) revealed on Friday the completion of the acquisition of Sinmat for approximately USD75m in cash, subject to customary purchase price adjustments.
Sinmat is a leader in the design and production of Chemical Mechanical Planarization (CMP) slurries used for polishing ultra-hard surface materials, including SiC (silicon carbide) and GaN (gallium nitride). SiC and GaN are substrates utilized in the fast-growing end-markets of power electronics and advanced communications.
Following closing, Sinmat's slurry technology will merge with Entegris broad capabilities in CMP cleans, filtration and applications technology will enable new solutions for Entegris' CMP customers.
Located in Gainesville, Florida, Sinmat is now part of the Specialty Chemicals and Engineered Materials (SCEM) Division of Entegris.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jan 13, 2020|
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