Entegris, Inc. (NASDAQ: ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, announced today that it acquired W. L. Gore & Associates' water and chemical filtration product line for microelectronics applications in an asset purchase for approximately $20 million. Entegris expects the transaction to be accretive to earnings beginning in 2017.
Todd Edlund, Chief Operating Officer of Entegris, said: "We are excited to add these market-leading filtration solutions to our existing offerings for the microfiltration of high-purity water and bulk chemicals used in semiconductor, OLED and flat panel display manufacturing applications. The acquisition of these products complements our portfolio of advanced liquid filtration solutions. It also reflects our strategy to grow our served markets through the deployment of capital for strategic accretive acquisitions that augment our internal development initiatives."
For more information about these products, please see www.entegris.com/newfilters.
ABOUT ENTEGRIS
Entegris is a leader in specialty chemicals and advanced materials solutions for the microelectronics industry and other high-tech industries. Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information can be found at www.entegris.com.
ABOUT GORE
W. L. Gore & Associates is a global materials science company dedicated to transforming industries and improving lives. Founded in 1958, Gore has built a reputation for solving complex technical challenges in the most demanding environments — from revolutionizing the outerwear industry with GORE-TEX® fabric to creating medical devices that improve and save lives to enabling new levels of performance in the aerospace, pharmaceutical and mobile electronics markets, among other industries. The company is also known for its strong, team-oriented culture and continued recognition from the Great Place to Work® Institute. Headquartered in Newark, Delaware, Gore employs approximately 10,000 Associates and generates annual revenues that exceed $3 billion. For more information on Gore, please visit www.gore.com.
