KMG acquire OM Group’s Ultra Pure Chemicals subsidiaries

KMG to acquire OM Group’s Ultra Pure Chemicals subsidiaries

7:08 AM, 4th May 2013
KMG to acquire OM Group’s Ultra Pure Chemicals subsidiaries

HOUSTON, US: KMG Chemicals Inc has entered into a definitive agreement to acquire the Ultra Pure Chemicals subsidiaries of OM Group located in the United States, England and Singapore, and has simultaneously offered to purchase OM Group’s Ultra Pure Chemicals subsidiary located in France. The combined acquisition would be for $60 million in cash, including working capital. The closing of the transaction is anticipated before the end of June 2013 upon the satisfaction of certain closing conditions.

“This acquisition substantially advances KMG’s strategy in the global high purity process chemicals market and also provides KMG with a strategically located presence in the fast-growing Asian market. When this transaction is completed, KMG will be positioned as a leading global supplier of high purity process chemicals, providing the world’s major semiconductor manufacturers with a comprehensive portfolio of products that can meet stringent requirements for purity and reliability,” said Neal Butler, President and CEO, KMG.

“The combined company will be able to better serve its European customers through increased production capabilities, enhanced logistical efficiencies and a more optimized supply chain. In addition to the benefits we anticipate in Europe and the US, this acquisition significantly expands our current presence in the Singaporean market, with the addition of state-of-the-art capabilities in one of the most important growth markets for semiconductors in the world. OM Group’s UPC Singapore-based operations include a highly efficient distribution system for transporting chemicals to semiconductor wafer fabrication facilities throughout the island nation,” added Butler.

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