|
Arch Chemicals completes microelectronics materials divestiture |
|
|
|
Feb 04, 2005 at 02:00 PM |
Arch Chemicals, has completed its previously announced divestiture of
the majority of the operations of its Microelectronic Materials
business to Fuji Photo Film Co., Ltd. for pproximately $160 million in
cash. The sales price is subject to a post-closing working capital
adjustment.
The transaction included the Company's microelectronics manufacturing
facilities and research and development facilities located in North
America, Europe and Asia, and its 49 percent ownership of FUJIFILM Arch
Co., Ltd., the Company's joint venture with Fuji Photo Film Co., Ltd.
in Japan. These facilities manufacture and supply a wide range of
products - including photoresists, formulated products, polyimides and
thin film systems.
Arch will retain its 50 percent interest in Planar Solutions LLC, the
Company's joint venture with Wacker Chemical Corporation for the
production and sale of chemical mechanical planarization (CMP)
slurries, the microelectronics-dedicated manufacturing facility in
Brandenburg, Kentucky and the chemical management services business
("CMS"). The Company will pursue all strategic options for its CMS
business. Sales of the CMS business in 2003 were approximately $10
million. The Company will continue to supply certain products to the
Microelectronic Materials business from its Brandenburg, Kentucky
facility.
|
News 
