Press release
Entegris to Sell Electronic Chemicals Business to Fujifilm
Transaction Continues Streamlining of Business as Entegris Maintains Focus on Core Capabilities and Strategic Objectives Strengthens Balance Sheet by
About this update from Entegris, Inc.
[{"type":"text","content":"\nTransaction Continues Streamlining of Business as Entegris Maintains Focus on Core Capabilities and Strategic Objectives\n\n\nStrengthens Balance Sheet by Accelerating Debt Paydown Following CMC Acquisition\n\n\n BILLERICA, Mass.--(BUSINESS WIRE)--\nEntegris, Inc. (NASDAQ: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, today announced that it has entered into a definitive agreement for Fujifilm to acquire Entegris’ Electronic Chemicals business for $700 million, subject to customary adjustments. The transaction is expected to close by the end of 2023, subject to receipt of required regulatory approvals and other customary closing conditions.\n\n\nThe Electronic Chemicals business provides highly specialized chemicals to the semiconductor industry. As part of Entegris’ Advanced Planarization Solutions (APS) division, it was acquired with the acquisition of CMC Materials in July 2022. In 2022, Entegris’ Electronic Chemicals business had pro-forma sales of approximately $360 million.\n\n\n“The sale of the Electronic Chemicals business is another important step as we continue to focus on assets that we believe have the greatest long-term strategic value for Entegris. In addition, the proceeds from this transaction will significantly contribute to further debt paydown,” said Bertrand Loy, president and chief executive officer of Entegris.\n\n\nAbout Entegris Electronic Chemicals\n\n\nThe Electronics Chemicals business is a leading global supplier of high purity process chemicals (“HPPC”), with leadership positions in North America and Europe, as well as a strong presence in Southeast Asia. It has seven dedicated manufacturing facilities and approximately 560 employees worldwide. The business has a broad customer base including some of the leading global semiconductor companies. It also has a broad product lineup comprised of all key HPPCs1 as well as performance blends and other semiconductor grade process chemicals. HPPCs are utilized in the semiconductor manufacturing process to clean, etch and dry the wafer during multiple stages of the chip fabrication process.\n\n\nPotential Benefits of the Transaction\n\n\n\nEntegris Business and Balance Sheet Optimization: The transaction will further streamline Entegris’ business following the CMC Materials a...