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Epichem acquired by Sigma-Aldrich for $60 million |
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Feb 12, 2007 at 01:46 PM |
 UK-based high-purity chemical & gases company, Epichem Group, has been acquired by Sigma-Aldrich Corporation for $60 million in cash in an effort to expand its SAFC Hitech business that focuses on high-purity inorganics for a range of high technology applications. Epichem is best known for supplying high-purity boron products for ion implantation as well as precursors for ALD applications.
"Epichem's strong product portfolio and solid relationships with key end users and equipment suppliers brings important new global customer relationships to SAFC Hitech," commented Frank Wicks, President of SAFC. "Their experienced team, capabilities and contacts combined with SAFC's industry-leading development, manufacturing, global footprint and financial strength will allow us to provide the electronics industry with even better specialized, high-quality materials that meet customer demands."
"The semiconductor industry continuously demands fresh materials and architectures to improve power, performance and density to deliver next-generation advanced technology products," said President Arvind Sodhani, Intel Capital. "Epichem is an innovator in semiconductor materials and the combination with Sigma-Aldrich brings together complementary strengths to support this market segment."
Intel Capital was the sole investor in financing Epichem in October 2005. Epichem has revenues of approximately $40 million annually, according to Sigma Aldrich.
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