Versum Materials acquires cleaning solutions supplier Dynaloy

Versum Materials, a global materials supplier to the semiconductor industry, has agreed to acquire Dynaloy from Eastman Chemical Company for approximately US$13 million. Dynaloy is a supplier of formulated cleaning solutions for the semiconductor and specialty manufacturing industries.

Versum Materials’ surface prep and clean (SP&C) technologies are used to selectively etch and remove residue and contamination during multiple steps of the integrated circuit fabrication process. 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.

“We are excited for the Dynaloy team to join Versum,” said Edward Shober, senior vice president, materials at Versum 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.”

“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 at Versum Materials. “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.