Add-on Acquisition • Chemicals

CMC Materials Acquires KMG Chemicals

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

Acquisition Context

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.

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M&A Deal Summary
Date	August 15, 2018
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 (Legal)

Target Company

KMG Chemicals

Fort Worth, Texas, United States

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 Overview 1

Buyer

CMC Materials

Aurora, Illinois, United States

Category	Company
Founded	1999
Sector	Chemicals
Employees	2,100
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 Context for Buyer	#
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

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	-

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

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