Chemicals group Entegris and electronic materials company Versum Materials have agreed to combine in a $9bn merger of equals to create a “premier specialty materials company” for the semiconductor and other high-tech industries.
The combined company will retain the Entegris name and will be headquartered in Billerica, Massachusetts, maintaining a strong operational presence in Tempe, Arizona.
Upon closing the transaction, Entegris CEO Bertrand Loy will service as CEO, Entregis Chief Financial Officer (CFO) Greg Graves will serve as CFO and Versum Materials General Counsel Michael Valente will serve as General Counsel of the combined company, supported by a highly experienced and proven leadership team that reflects the strengths and capabilities of both companies.
Entegris President and CEO, Bertrand Loy said, “The combined company will be ideally positioned to more effectively help our customers achieve higher yields and new levels of performance and reliability, and together, we will be well positioned to take advantage of long-term secular semiconductor growth, and to tackle new industry process challenges.”
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