M&A Deal Summary

CMC Materials Acquires KMG Chemicals

On August 15, 2018, CMC Materials acquired chemicals company KMG Chemicals for 1.6B USD

Acquisition Highlights
  • This is CMC Materials’ 3rd transaction in the Chemicals sector.
  • This is CMC Materials’ largest (disclosed) transaction.
  • This is CMC Materials’ 4th transaction in the United States.
  • This is CMC Materials’ 1st transaction in Texas.
Investment Fate
  • KMG Chemicals was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary
Date 2018-08-15
Target KMG Chemicals
Sector Chemicals
Buyer(s) CMC Materials
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) KeyBanc Capital Markets (Financial)
Shearman & Sterling
Haynes and Boone LLP (Legal)

Target

KMG Chemicals

Fort Worth, Texas, United States
website
KMG Chemicals is a provider of specialty chemicals. KMG grows by acquiring and optimizing stable chemical product lines and businesses with established production processes. Its operations are focused on the electronic chemicals and performance products markets. KMG Chemicals is based in 1992 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

CMC Materials

Aurora, Illinois, United States

website

Category Company
Founded 1999
Sector Chemicals
Employees2,100
Revenue 1.2B USD (2021)
DESCRIPTION

CMC Materials is a supplier of CMP polishing slurries and CMP pads to the semiconductor industry. The company’s products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by its customers. CMC Materials was founded in 1999 and is based in Aurora, Illinois.

DEAL STATS #
Overall 5 of 6
Sector (Chemicals) 3 of 3
Type (Add-on Acquisition) 5 of 6
State (Texas) 1 of 1
Country (United States) 4 of 5
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 NexPlanar

Hillsboro, Oregon, United States

NexPlanar Corp. has developed unique CMP pad technology that enables it to modulate pad properties, such as hardness, pore size, compressibility and groove profiles, to develop customized solutions for demanding semiconductor applications and integration schemes, including those for emerging technologies.

Buy $142M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 ITS

Reno, Nevada, United States

ITS is a global supplier of highly engineered cleaning materials supporting the semiconductor industry. ITS products are used for advanced probe cards at parametric test & wafer sort operations (PCC), test socket applications during package test (TCC) and chuck cleaning at front- and backend tools (CCW). ITS was founded in 1999 and is based in Reno, Nevada.

Buy -
Mergr

Product

Company

Legal