M&A Deal Summary

Entegris Acquires KMG Chemicals

On May 10, 2023, Entegris acquired chemicals company KMG Chemicals from CMC Materials

Acquisition Highlights
  • This is Entegris’ 5th transaction in the Chemicals sector.
  • This is Entegris’ 9th transaction in the United States.
  • This is Entegris’ 2nd transaction in Texas.

M&A Deal Summary
Date 2023-05-10
Target KMG Chemicals
Sector Chemicals
Buyer(s) Entegris
Sellers(s) CMC Materials
Deal Type Divestiture

Target

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(S) 1

Buyer

Entegris

Billerica, Massachusetts, United States
Category Company
Founded 1966
Sector Manufacturing
Employees8,000
Revenue 3.5B USD (2023)
DESCRIPTION

For more than 40 years, Entegris has been a provider of critical products and materials used in advanced high-technology manufacturing. These products and materials are often used to make the building blocks of many of the world's most complex microelectronic products, such as computers, mobile devices and phones, data storage components, televisions and monitors, and automobiles. Entegris was incorporated in 1966 and is based in Billerica, Massachusetts.

DEAL STATS #
Overall 12 of 12
Sector (Chemicals) 5 of 5
Type (Divestiture) 3 of 3
State (Texas) 2 of 2
Country (United States) 9 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 CMC Materials

Aurora, Illinois, United States

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.

Buy $6.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Entegris Electronic Chemicals

Billerica, Massachusetts, United States

Entegris' Electronic Chemicals provides deposition and cleaning services at advanced nodes.

Sell $700M

Seller(S) 1

SELLER

CMC Materials

Aurora, Illinois, United States
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 2 of 2
Sector (Chemicals) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-20 QED Technologies

Rochester, New York, United States

QED Technologies serves the global precision optics industry with solutions for high-performance polishing and metrology on the most demanding surfaces and materials. QED systems are utilized by the smallest to largest manufacturers supplying the semiconductor, military, space, R&D, imaging, and other industries. Its contract manufacturing group, QED Optics, is the industry’s go-to resource for a combination of large, challenging, or highly precise optical components that most other manufacturers cannot produce. QED Technologies was formed in 1996 and is based in Rochester, New York.

Sell -
Mergr

Product

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