Abstract
Thwarted in its effort to acquire the electronic materials giant Versum Materials, Entegris is expanding its materials business by snapping up smaller suppliers instead. Entegris announced plans in January to merge with Versum, but Merck KGaA swooped in with a $6 billion cash offer and eventually won the backing of Versum’s board. Entegris retreated and in April revealed that it had acquired Digital Specialty Chemicals (DSC), a Canadian maker of organometallic precursors used to deposit thin films during semiconductor fabrication. Now, in a follow-up deal, Entegris has spent $165 million to acquire MPD Chemicals, a Pennsylvania-based firm that produces raw materials for specialty chemicals, electronics, and the life sciences. Together, Entegris says, the deals expand its capability to produce new organosilane and organometallic materials. CEO Bertrand Loy says the firm wants to meet growing demand for precursors used to deposit thin films on complex chips. MPD’s owner, Addison Capital Partners,
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