LEHIGH VALLEY, Pa.,
June 15, 2011 /PRNewswire/ -- Air
Products (NYSE: APD) today announced it has acquired the business
of Poly-Flow Engineering LLC (PFE), a manufacturer of equipment for
the semiconductor industry based in Albuquerque, N.M. Terms of the deal with PFE
and its owner Ktech Corporation were not disclosed.
PFE, which has 100 employees, manufactures a line of equipment
focused on advanced chemical delivery and precision cleaning for
leading semiconductor manufacturers. It also offers equipment for
the medical, optical fiber and solar industries.
"The acquisition of Poly-Flow Engineering is a good fit with our
existing equipment business and should be immediately accretive to
our bottom line," said Jae Woon You,
general manager, Electronics Equipment Solutions (EES) for Air
Products. "The combination of the talented and experienced
Poly-Flow team and Air Products' global capabilities and services
infrastructure will bring long-term benefits to our customers."
Air Products has more than 60 years experience in the safe and
reliable delivery of gases and chemicals to a variety of markets
including the semiconductor, TFT-LCD and photovoltaic
industries.
EES is a business unit of Air Products' Electronics division. It
offers its global customer base flexible, cost-effective and
contamination-free materials delivery solutions through products
such as Chemguard®, GASGUARD® and GasKeeper™ delivery systems,
which are the industry benchmark for safe and cost-effective
chemical and gas delivery. Besides equipment, EES also offers
onsite turnkey installation services.
EES operates from four major hubs including engineering and
R&D at Air Products' headquarters in Allentown, Pa. and Carlsbad, Calif., and equipment manufacturing
sites in Allentown and Ansan,
Korea.
For more information, please go to
www.airproducts.com/industries/Semiconductors/polyflow.aspx.
Air Products (NYSE: APD) serves customers in industrial, energy,
technology and healthcare markets worldwide with a unique portfolio
of atmospheric gases, process and specialty gases, performance
materials, and equipment and services. Founded in 1940,
Air Products has built leading positions in key growth markets
such as semiconductor materials, refinery hydrogen, home healthcare
services, natural gas liquefaction, and advanced coatings and
adhesives. The company is recognized for its innovative culture,
operational excellence and commitment to safety and the
environment. In fiscal 2010, Air Products had revenues of
$9 billion, operations in over 40
countries, and 18,300 employees around the globe. For more
information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release regarding important risk factors. Actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management,
including risk factors described in the Company's Form 10K for its
fiscal year ended September 30,
2010.
SOURCE Air Products