KMG acquires electronic chemicals maker Nagase FineChem

KMG acquires electronic chemicals maker Nagase FineChem

9:26 AM, 5th April 2016
KMG acquires electronic chemicals maker Nagase FineChem

FORT WORTH, US: KMG said it has acquired Nagase FineChem (NFC), a Singapore-based manufacturer of electronic chemicals.

KMG and Nagase Singapore Ltd have entered into a tolling arrangement under which KMG will manufacture certain electronic chemicals for Nagase Singapore Ltd for the first year.

KMG will integrate its existing Singapore operations with the newly acquired facility to enhance KMG’s product offering for customers in the electronics market in Asia. In addition, KMG will pursue strategic capital investments at the NFC site to further expand manufacturing, packaging, and purification capabilities to more comprehensively serve semiconductor customers in Asia.

Established in 2001, NFC manufactures wet process chemicals, including solvents, acids and custom blends for the liquid crystal display, electronics and semiconductor markets. The firm’s five-acre Singapore site comprises a manufacturing and packaging facility, warehouse, laboratory and cleanroom. NFC generated revenue of approximately $8 million, for the 12-month period ending December 2015.

“This acquisition coupled with our planned capital investment at the NFC site strengthens KMG’s electronic chemicals business in Asia and offers significant opportunities for growth by expanding our capability, to more broadly serve the semiconductor market in this important region,” said Chris Fraser, chairman and CEO, KMG.

KMG will draw on its revolving credit facility to finance the acquisition of Nagase FineChem and to fund the planned capital investments.

© Worldofchemicals News

Read more activities on KMG:

KMG completes acquisition of ultra pure chemicals business of OM Group



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