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HOECHST AZ PHOTORESIST PRODUCTS SUCCESSFULLY ACQUIRES MORTON'S SEMICONDUCTOR PHOTORESIST BUSINESS

 SOMERVILLE, N.J., Aug. 6 /PRNewswire/ -- The AZ Photoresist Products unit of Hoechst Celanese Corp. today announced that it has signed agreements with Morton International Inc. (NYSE: MII) to acquire Morton's Semiconductor Materials Business. This successful acquisition provides Hoechst/AZ with a line of photoresists and ancillary chemicals to complement its AZ(R) line and with a broader base for marketing its advanced technologies. Photoresists are light-sensitive chemicals used in the manufacture of semiconductor chips.
 Hoechst/AZ has acquired and will immediately offer and support the OFPR-800, OFPR-800PG, PR 914/EPA 914, NOVA 2010, NOVA 2050, EL-IR, and OMR-83 series photoresists and their associated developers and ancillary chemicals. These products will initially be manufactured by Morton under a manufacturing agreement until all semiconductor operations covered by the acquisition are fully integrated into Hoechst/AZ.
 Upon successful completion of further agreements, Hoechst/AZ will also acquire and likewise integrate the remainder of Morton's semiconductor materials line: the NOVA 2070, NOVA 2071, EL 2025/2026, El 2015, and PR 1024 series photoresists and their associated developers and ancillary chemicals. In the interim, Morton will continue to fully offer, manufacture, and support these products.
 Along with the product line, Hoechst/AZ is acquiring licenses; technology; business information; and laboratory, production, and test equipment.
 Key Morton employees from the semiconductor materials business have joined Hoechst/AZ in the areas of technical service, manufacturing, quality control, technology, sales, and marketing. Additional sales, technical service, and manufacturing employees will support Hoechst/AZ and will join the company in stages.
 "We are pleased to bring Morton's semiconductor photoresist business and customers into Hoechst/AZ," says Anthony J. Corso, Ph.D., vice president and general manager, Hoechst AZ Photoresist Products. "We've added a new dimension to our organization, not only from the standpoint of the technology, but also in terms of the experience and talent of those people who are joining us from Morton.
 "Our goal is to merge the complementary capabilities and assets of Hoechst/AZ and the Morton semiconductor business to offer all of our customers leading-edge, continuously improved products, quality, and support," says Corso.
 Transition plans have been established to ensure that customers' needs will be satisfied. A team of current and former members of Morton's semiconductor materials group has as its singular focus transition issues and logistics. "It's important for all customers to have continuity during this period of change," says Paul Augsburger, who will join Hoechst/AZ from Morton as the team's business director. In addition, cross-functional teams are being formed with customers to ensure that their requirements are understood and met.
 The Hoechst Group is a major worldwide producer of chemicals, manufactured fibers for textile and industrial uses, engineering plastics and advanced materials, polyester film, printing and proofing systems, dyes and pigments, pharmaceuticals, and animal health and crop protection products. Its U.S. subsidiary, Hoechst Celanese, is a $7 billion (sales) corporation with leading positions in chemicals, advanced materials and technologies, fibers and film, and the life sciences.
 -0- 8/6/93
 /CONTACT: Dan Leone, 908-231-5585, or Steve Mullane, 408-749-9700, both for Hoechst Celanese Corp./
 (MII)


CO: Hoechst Celanese Corp.; Morton International Inc. ST: New Jersey IN: CHM SU: TNM

LD -- NY054 -- 0429 08/06/93 16:49 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
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