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Sunday, March 11, 2012

Air Products agrees to acquire DA NanoMaterials - Gasworld.com (subscription)

1 Mar 2012 | By Jane Dawson

This morning, Air Products publicised its agreement to acquire DuPont’s stake in DuPont Air Products NanoMaterials LLC JV.

Air Products has entered into a definitive agreement to acquire all of DuPont’s interest in DuPont Air Products NanoMaterials LLC (DA NanoMaterials). DA NanoMaterials constitutes a 50:50 joint venture that serves the global semiconductor and wafer polishing industries.

This acquisition provides additional scale and synergies to our differentiated materials business with Electronics.

Wayne Mitchell, Vice President and General Manager of Electronics for Air Products

Terms of the agreement have not been disclosed but Wayne Mitchell Vice President and General Manager of Electronics for Air Products revealed, “We are pleased to complete the conversion of DA NanoMaterials, and to continue to build on our electronics materials portfolio.”

He continued, “This acquisition provides additional scale and synergies to our differentiated materials business with Electronics.”

DA NanoMaterials manufactures chemical mechanical planarisation (CMP) slurries for the semiconductor and wafer polishing industries. Headquartered in Tempe, Arizona, with regional headquarters in Hsinchu County, Taiwan, the company operates 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.

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