MPD Chemicals, a Feasterville-Trevose-based provider of advanced materials to the specialty chemical, technology, and life sciences industries, has been acquired by Entegris Inc., a provider of specialty chemicals and advanced materials solutions for the microelectronics industry, for approximately $165 million in cash.
The acquisition is expected to help Entegris continue to grow and diversify its engineered materials portfolio, which was recently expanded with the acquisition of Digital Specialty Chemicals.
The acquisition of MPD Chemicals is expected to expand Entegris’ capabilities in the development and production of new organosilane, and organometallic materials. These materials are critical to innovation in the specialty chemical and semiconductor industries.
“Acquiring MPD Chemicals demonstrates our commitment to enabling the semiconductor technology roadmap through investments in purification, delivery, and advanced materials,” said Entegris President and CEO Bertrand Loy. “The deposition material market is one of the fastest growing market segments in semiconductor applications, driven by the adoption of new materials and more complex, chip architectures. Our recent investments in this space expands our ability to provide our customers the manufacturing scale and capabilities to enable their most demanding applications.”
Entegris funded the acquisition from its available cash. MPD Chemicals will be a part of the company’s Specialty Chemicals and Engineered Materials segment.