Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Versum Materials Inc    VSM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Versum Materials : to Acquire Dynaloy, a Leading Cleans Solutions Supplier for Semiconductor Advanced Packaging

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/11/2017 | 10:31pm CEST

  • Advances Surface Prep and Clean (SP&C) materials position for semiconductor advanced packaging
  • Expands Versum’s technology portfolio and technical capabilities
  • Aligns with strategy for value-enhancing inorganic bolt-on investments

Versum Materials, Inc. (NYSE: VSM), a leading global materials supplier to the semiconductor industry, announced today that it has agreed to acquire Dynaloy, LLC from Eastman Chemical Company (NYSE: EMN) for approximately $13 million. Dynaloy is a leading supplier of formulated cleaning solutions for the semiconductor and specialty manufacturing industries.

“We are excited for the Dynaloy team to join Versum," said Edward Shober, Senior Vice President, Materials. "With a strong patented product portfolio and customer relationships, the acquisition of Dynaloy exemplifies Versum’s strategy to enhance its SP&C technology capabilities and product offerings to the growing advanced packaging materials market in the semiconductor industry.”

Versum Materials’ SP&C technologies are used to selectively etch and remove residue and contamination during multiple steps of the integrated circuit fabrication process. After closing, Dynaloy’s business will be integrated into Versum’s portfolio of SP&C formulated product offerings and will strengthen and accelerate its growth in Advanced Packaging, one of the fastest growth segments in the cleans market.

“Dynaloy’s business with its technology, products, people, skills, knowledge, and expertise complements Versum’s SP&C business,” said Dr. Tianniu Rick Chen, General Manager for Materials’ Surface Prep and Clean. “Together, we look forward to continuously driving value for our customers through innovative advanced cleaning offerings.”

The transaction is expected to close during the fiscal fourth quarter 2017. It will be funded from cash on hand and is expected to be accretive to earnings in the first full year of operation.

About Versum Materials

Versum Materials, Inc. (NYSE: VSM) is a leading electronic materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor and display industries. Derived from the Latin word for “toward,” the name “Versum” communicates the company’s deep commitment to helping customers move toward the future by collaborating, innovating and creating cutting-edge solutions.

A global leader in technology, quality, safety and reliability, Versum Materials is one of the world’s leading suppliers of next generation CMP slurries, ultra-thin dielectric and metal film precursors, formulated cleans and etching products, and delivery equipment that has revolutionized the semiconductor industry. Versum Materials, which began trading October 3, 2016 on the NYSE as an independent company, has annual sales of approximately $1 billion, 1,900 employees and 10 major facilities in Asia and North America. It is headquartered in Tempe, Arizona. Prior to its separation on October 1, 2016, Versum Materials had operated for more than three decades as a division of Air Products and Chemicals, Inc. (NYSE: APD).

For additional information, please visit http://www.versummaterials.com.

Investor Inquiries:
Nahla A. Azmy, 480-482-4334
Nahla.Azmy@versummaterials.com

Media Inquiries:
Tiffany Zinn, 480-282-6475
Tiffany.Zinn@versummaterials.com

Forward-Looking Information:

This press release contains, and management may make, certain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may be identified by references to future periods, and include statements about the anticipated closing date, and the impact of this acquisition, including our expectations as to earnings per share accretion and future profitability. These forward-looking statements are based on management’s reasonable expectations and assumptions as of the date the statements were made. Actual results and the outcomes of future events may differ materially from those expressed or implied in the forward-looking statements because of a number of risks and uncertainties, including, without limitation, the risk factors described in our filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the fiscal year ended September 30, 2016, and in our subsequent periodic filings.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VERSUM MATERIALS INC
07/20 VERSUM MATERIALS : to Participate as Platinum Sponsor at the Atomic Layer Deposi..
07/18 VERSUM MATERIALS : Pre-Market Technical Pulse on Chemicals Stocks -- Rayonier Ad..
07/14 VERSUM MATERIALS TO HOST THIRD QUART : 00 a.m. EST
07/12 VERSUM MATERIALS : to Participate as Platinum Sponsor at the Atomic Layer Deposi..
07/12 VERSUM MATERIALS : to Participate as Platinum Sponsor at the Atomic Layer Deposi..
07/12 VERSUM MATERIALS : spending $13 million to acquire specialty-chemical company
07/11 VERSUM MATERIALS, INC. (NYSE : VSM) Files An 8-K Other Events
07/11 VERSUM MATERIALS, INC. : Other Events (form 8-K)
07/11 VERSUM MATERIALS : to Acquire Dynaloy, a Leading Cleans Solutions Supplier for S..
07/11 VERSUM MATERIALS : to Acquire Dynaloy
More news
News from SeekingAlpha
07/12 Versum Materials +2% after deal for specialty chemical company
07/12 MY K.I.S.S. DIVIDEND PORTFOLIO : 2nd Quarter 2017 Update
05/22 Game Plan For The Week - Cramer's Mad Money (5/19/17)
05/16 Tracking Bill Ackman's Pershing Square Portfolio - Q1 2017 Update
05/11 Versum Materials Post Spin-Off
Financials ($)
Sales 2017 1 068 M
EBIT 2017 300 M
Net income 2017 191 M
Debt 2017 740 M
Yield 2017 0,29%
P/E ratio 2017 20,71
P/E ratio 2018 18,51
EV / Sales 2017 4,38x
EV / Sales 2018 3,94x
Capitalization 3 941 M
Chart VERSUM MATERIALS INC
Duration : Period :
Versum Materials Inc Technical Analysis Chart | VSM | US92532W1036 | 4-Traders
Technical analysis trends VERSUM MATERIALS INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 36,1 $
Spread / Average Target -0,33%
EPS Revisions
Managers
NameTitle
Guillermo Novo President, Chief Executive Officer & Director
Seifollah Ghasemi Non-Executive Chairman
Patrick F. Loughlin Senior Vice President-Operations & Supply Chain
George G. Bitto SVP, Chief Financial & Technology Officer
Thomas J. Riordan Director
Sector and Competitors
1st jan.Capitalization (M$)
VERSUM MATERIALS INC29.07%3 941
ECOLAB INC.13.38%38 547
SIKA32.05%14 643
SYMRISE3.29%8 941
CLARIANT25.84%7 760
JOHNSON MATTHEY PLC-9.81%7 231