Air Products has announced that it has inked a definitive agreement to buy DuPont’s 50% stake in DuPont Air Products NanoMaterials. Terms of the deal were not revealed.
DuPont Air Products NanoMaterials is a 50-50 joint venture between DuPont and Air Products. The company produces chemical mechanical planarization slurries for the global wafer polishing and semiconductor industries. Its headquarters is located in Tempe, Arizona and its regional headquarters is situated in Hsinchu County, Taiwan.
DuPont Air Products NanoMaterials runs advanced formulation and application laboratories in Taiwan and Tempe. The company has a proven colloidal silica-based product portfolio for tungsten chemical mechanical planarization, copper chemical mechanical planarization, and wafer polishing applications.
Wayne Mitchell, who serves as Vice President and General Manager of Electronics at Air Products, stated that the company is happy to wrap up the conversion of DuPont Air Products NanoMaterials and continually develop its electronic materials portfolio. This purchase extends scale and synergies to the company’s distinguished materials business within Electronics, Mitchell added.
Air Products is a provider of performance materials, technology, equipment, and specialty, process and atmospheric gases. The company supplies novel solutions to a broad array of emerging, environment and energy markets. These solutions include advanced adhesives and coatings, natural gas liquefaction, coal gasification, refinery hydrogen and semiconductor materials.
DuPont is an international science and engineering company offering novel materials, products and services. The company’s belief is that through partnership with thought leaders, NGOs, governments and customers, solutions can be found to address global issues such as reducing fossil fuel dependence, offering sufficient healthy food for all people and safeguarding life and the environment.
Source: http://www.airproducts.com