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Applied Materials acquires ATMI's treatment business |
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Feb 04, 2005 at 11:00 PM |
Applied Materials, has purchased the assets of ATMI, Inc.'s Treatment
Systems business for an undisclosed cash amount. ATMI had made public
its wish to divest non-core products earlier in the year. The Treatment
Systems Division provided point-ofuse abatement systems to the
semiconductor industry that treat gas emissions from process chambers
before they are released to the environment. These systems include dry,
wet, thermal and integrated thermal/wet technologies.
Dan Sharkey, ATMI Chief Financial Officer, said, "This sale will
complete the divestment of our six Technologies businesses. Now, ATMI's
business model has been completely transformed into one of sustainable
growth and profitability.We will book a small gain on the sale of this
business and will have sold six businesses during 2004 for total cash
proceeds of approximately $100 million. The divested operations include
the Gallium Nitride venture to Cree; the Life Safety Systems unit to
First Technology, a division of City Technology; Epitaxial Services to
International Rectifier; Fab Services to Materials Support esources;
the Emosyn smartcard business to Silicon Storage Technology; and with
this sale, the Abatement Equipment business to Applied Materials."
The business will be operated as a division of Metron Technology, Inc.,
a company recently acquired by Applied Materials. Metron will continue
to support the gas abatement requirements of current and future process
equipment for semiconductor manufacturing and other industrial
applications.
"ATMI's effluent treatment products are a natural extension of Applied
Materials' recognized leadership and long-term commitment to providing
environmentally responsible solutions to the semiconductor
manufacturing industry," said Russell Ellwanger, group vice president
and general manager of Applied Global Services. "This acquisition,
combined with Applied's core process knowledge and extensive
environmental expertise, allows us to provide a broad range of
optimized environmental abatement solutions to customers for
multi-vendor systems and applications."
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