LEHIGH VALLEY, Pa.,
March 1, 2012 /PRNewswire/
-- Air Products (NYSE: APD) has entered into a definitive
agreement to acquire all of DuPont's interest in DuPont Air
Products NanoMaterials LLC (DA NanoMaterials), the two companies'
50-50 joint venture serving the global semiconductor and wafer
polishing industries. Terms of the agreement were not
disclosed.
DA NanoMaterials manufactures chemical mechanical planarization
(CMP) slurries for the semiconductor and wafer polishing
industries. Headquartered in Tempe,
Ariz., with regional headquarters in Hsinchu County,
Taiwan, the company operates
state-of-the-art 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.
"We are pleased to complete the conversion of DA NanoMaterials,
and to continue to build on our electronic materials portfolio,"
said Wayne Mitchell, vice president
and general manager of Electronics for Air Products. "This
acquisition provides additional scale and synergies to our
differentiated materials business within Electronics."
For more information on DA NanoMaterials, please visit:
www.nanoslurry.com.
About Air Products
Air Products (NYSE: APD) provides atmospheric, process and
specialty gases; performance materials; equipment; and technology.
For over 70 years, the company has enabled customers to become more
productive, energy efficient and sustainable. More than 18,000
employees in over 40 countries supply innovative solutions to the
energy, environment and emerging markets. These include
semiconductor materials, refinery hydrogen, coal gasification,
natural gas liquefaction, and advanced coatings and adhesives. In
fiscal 2011, Air Products had sales of $10.1
billion. For more information, visit
www.airproducts.com.
About DuPont
DuPont (NYSE: DD) has been bringing world-class science and
engineering to the global marketplace in the form of innovative
products, materials, and services since 1802. The company believes
that by collaborating with customers, governments, NGOs, and
thought leaders we can help find solutions to such global
challenges as providing enough healthy food for people everywhere,
decreasing dependence on fossil fuels, and protecting life and the
environment. For additional information about DuPont and its
commitment to inclusive innovation, please
visit http://www.dupont.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,
2011.
SOURCE Air Products