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Product category: Electronics Manufacturing Quality Assurance
News Release from: Entegris
Edited by the Electronicstalk Editorial Team on 22 March 2005

Entegris and Mykrolis to merge

Two leading suppliers to the global semiconductor industry have signed an agreement to combine in a merger-of-equals transaction that creates a combined company valued at approximately $1.3 billion.

Entegris and Mykrolis Corp, two leading suppliers to the global semiconductor and related industries, have signed a definitive agreement to combine in a merger-of-equals transaction that creates a combined company valued at approximately $1.3 billion The combined company, which will be known as Entegris, will have combined trailing annual sales of more than $650 million

It will be the global leader in materials integrity management, focused on purifying, protecting and transporting critical materials, such as liquids, gases, wafers and components, used in the semiconductor, microelectronics and other high-technology industries.

The merged company will have an established global network of sales and support offices across North America and Europe, with a particularly strong presence in Japan, Taiwan and elsewhere in Asia, the fastest-growing region for semiconductor and electronics manufacturing.

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, Entegris and Mykrolis will merge in a stock-for-stock exchange, tax-free for the shareholders of both companies, in which Mykrolis shareholders will receive 1.39 shares of Entegris common stock for every share of Mykrolis common stock they hold.