Thursday, March 1, 2012

Air Products agrees to acquire DuPont's stake in DuPont Air Products NanoMaterials

LEHIGH VALLEY, USA: Air Products has entered into a definitive agreement to acquire all of DuPont's interest in DuPont Air Products NanoMaterials LLC (DA NanoMaterials), the two companies' 50-50 joint venture serving the global semiconductor and wafer polishing industries. Terms of the agreement were not disclosed.

DA NanoMaterials manufactures chemical mechanical planarization (CMP) slurries for the semiconductor and wafer polishing industries. Headquartered in Tempe, Ariz., with regional headquarters in Hsinchu County, Taiwan, the company operates state-of-the-art applications and formulation laboratories in Tempe and Taiwan. DA NanoMaterials has established a portfolio of colloidal silica-based products for copper CMP, tungsten CMP and wafer polishing applications.

"We are pleased to complete the conversion of DA NanoMaterials, and to continue to build on our electronic materials portfolio," said Wayne Mitchell, VP and GM of Electronics for Air Products. "This acquisition provides additional scale and synergies to our differentiated materials business within Electronics."

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