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Edwards sells Chemical Management Division to Air Liquide

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GoldfingerAs part of its publicized plans to focus on its vacuum and abatement product portfolio in the semiconductor, photovoltaic and LCD industries, Edwards has sold its Chemical Management Division of Edwards Vacuum, Inc to Air Liquide Electronics. The Edwards division had annual sales of approximately $50 million. Financial terms were not disclosed.

“I’m very happy to continue the strategic re-alignment of Edwards to focus on its core vacuum equipment and abatement business,” said Nigel Hunton, CEO of Edwards. “In reaching an agreement with Air Liquide for our Chemical Management Division, we ensure a smooth transition of ownership for the benefit of our employees and customers.”

“This acquisition will bring key complements to our current portfolio, especially allowing us to cover the whole equipment and installation spectrum for ultra-pure fluids with the key players of the electronics industry,” commented Christophe Fontaine, Vice-President Electronics, Air Liquide Group.

Edwards’ Chemical Management Division, is focused on designing, manufacturing, and selling chemical and slurry dispensing equipment, installations and services to semiconductor manufacturers as well as OEMs worldwide. Production is based in Chanhassen, Minnesota, in the United States, it employs about 120 people (including 20% in Asia and Europe).

BOC Edwards had originally purchased a key part of the Chemical Management Division from FSI International in 1999 for approximately $38 million.

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