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Koch Microelectronic Service Co., Inc. Selects Investment Bank to Manage Sale.

Business Editors

HOUSTON--(BUSINESS WIRE)--April 10, 2000

Business Includes Ultrapure Chemical Production and

Wafer Rinse Water Reclamation Capabilities, Along With

Tech Center and Customer Contracts

Koch Microelectronic Service Company, Inc. ("KMSC" or the "Company") today announced that it has selected an investment banking firm to manage the sale of its business.

KMSC, headquartered in Houston, serves the semiconductor industry by manufacturing and marketing high-purity process chemicals, equipment and allied services used in the processing of silicon wafers and integrated circuits.

The Company has selected Goldsmith Agio Helms, a Minneapolis-based boutique investment bank that specializes exclusively in middle market, sell-side mergers and acquisitions, to conduct the sale.

"Koch Microelectronic Service Company developed its capabilities, built its facilities and began building its business based on providing integrated, world-class capabilities at our customers' points of use. Our one-of-a-kind combination of ultrapure chemical products, dilute chemical and wafer rinse water reclaim services, chemical and facility management services, analytic & technical services along with on-site equipment allows us to be innovative, reliable and highly responsive to our customers' needs," said David Tolson, president of KMSC.

"Now, we're marketing the business - as a whole - so that these vital capabilities can be transitioned to new owners right at the onset of a new, robust and exciting growth period for the semiconductor industry. I'm excited to be moving forward toward a sale with the leadership and expertise of Goldsmith Agio Helms as a key part of our team," Tolson said.

KMSC's services include turn-key design, installation and operation of chemical distribution and wafer rinse water reclaim systems, dilute chemical reclamation, technical support, analytical support as well as chemical and facility management. KMSC's approach to the marketplace is to combine its chemical and filtration products with equipment and services in unique ways, providing tailored cost reduction, risk management and resource (re)allocation opportunities to chip makers and other microelectronics industry customers.

KMSC's flagship facility, the Ultra Pure One manufacturing plant in Bryan, Texas, was constructed to serve the growing semiconductor industry of the United States. The facility produces high purity isopropyl alcohol, hydrochloric acid, hydrofluoric acid, and ammonium hydroxide. Semiconductor customer shipments began out of this facility in mid 1999.

KMSC also produces high-purity and commercial grade sulfuric acid, oleum and sodium bisulfate at manufacturing facilities in Tulsa, Oklahoma, and Riverton, Wyoming. These facilities have been serving the semiconductor industry for nearly a decade and will be included as a part of the KMSC sale. Complimentary to KMSC's ultrapure chemical production and its on-site chemical equipment and allied services offerings is KMSC's wafer rinse water reclamation capability. Based upon patent-pending technology, KMSC's water reclaim solutions target dilute hydrofluoric acid, mixed acid, oxide, metal and copper CMP rinse water streams. Semiconductor fabricators realize significant improvements in operating reliability, reductions in overall water costs and enhanced performance against ever-increasing environmental standards through incorporation of these tailored solutions.

The KMSC Technology Center, located in Houston, is a state-of-the-art research, development and service center supporting microelectronics industry customers in a collaborative fashion. The 25,000-square-foot facility, designed as a technical service and development facility rather than a quality-assurance/quality-control facility, is equipped to perform trace-element analysis, container evaluations, wafer metrology studies, basic chemical process and qualification support, as well as develop advanced analytical techniques for next generation chemical purities. This facility gives KMSC the unique capability to look at chemicals in equipment systems and on the wafer surface, rather than merely looking at contaminants within the chemical itself.

Koch Microelectronic Service Company, Inc. is an affiliate of Koch Industries, Inc. Koch Industries, through its subsidiaries, employs 12,000 people worldwide and is involved in virtually all phases of the oil and gas industry, as well as in chemicals, plastics, energy services, chemical and environmental technology products, asphalt products, metals and mineral services, ranching, financial services, and ventures. For more information on Koch, refer to www.kochind.com, www.kochmicroelectronic.com or www.kochenvironment.com on the Internet.

Goldsmith Agio Helms is one of the nation's leading boutique investment banking firms. Its focus is representing sellers of public and private companies in complex mergers, acquisitions, divestitures and recapitalizations. Goldsmith Agio Helms has offices in Minneapolis, Minnesota; New York, New York; San Francisco, California; and Naples, Florida. In 1999, the firm completed 41 transactions valued at nearly $3 billion. Over the past decade, the firm's principals have authored in excess of $25 billion in mergers and acquisitions, with purchase prices ranging from $25 million to over $1 billion.
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Publication:Business Wire
Date:Apr 10, 2000
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