LEHIGH VALLEY, USA: Air Products has acquired the business of Poly-Flow Engineering LLC (PFE), a manufacturer of equipment for the semiconductor industry based in Albuquerque, N.M. Terms of the deal with PFE and its owner Ktech Corp. were not disclosed.
PFE, which has 100 employees, manufactures a line of equipment focused on advanced chemical delivery and precision cleaning for leading semiconductor manufacturers. It also offers equipment for the medical, optical fiber and solar industries.
"The acquisition of Poly-Flow Engineering is a good fit with our existing equipment business and should be immediately accretive to our bottom line," said Jae Woon You, general manager, Electronics Equipment Solutions (EES) for Air Products. "The combination of the talented and experienced Poly-Flow team and Air Products' global capabilities and services infrastructure will bring long-term benefits to our customers."
Air Products has more than 60 years experience in the safe and reliable delivery of gases and chemicals to a variety of markets including the semiconductor, TFT-LCD and photovoltaic industries.
EES is a business unit of Air Products' Electronics division. It offers its global customer base flexible, cost-effective and contamination-free materials delivery solutions through products such as Chemguard, GASGUARD and GasKeeper delivery systems, which are the industry benchmark for safe and cost-effective chemical and gas delivery. Besides equipment, EES also offers onsite turnkey installation services.
EES operates from four major hubs including engineering and R&D at Air Products' headquarters in Allentown, Pa. and Carlsbad, Calif., and equipment manufacturing sites in Allentown and Ansan, Korea.
Thursday, June 16, 2011
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