Engineering News

Air Products Completes Sale of High Purity Process Chemicals to KMG Chemicals
Wednesday January 2, 9:00 am ET

Sale Helps Position Electronics Business to Invest in and Serve Global Business

LEHIGH VALLEY, Pa., Jan. 2 /PRNewswire-FirstCall/ -- Air Products today said it has completed the previously announced sale of its high purity process chemicals (HPPC) business for approximately $75 million to KMG Chemicals, a producer and distributor of mature specialty chemicals for carefully focused global markets.

"We are pleased to complete this sale to KMG Chemicals. We're aligning our portfolio to better focus on the products where we can provide the most value to our customers. We thank all of the employees involved for their hard work in running the HPPC business and completing this sale," said Mike Hilton, senior vice president and general manager, Electronics and Performance Materials.

The sale of the HPPC business, which generated $87 million in revenues in fiscal year 2007, includes production facilities located in Pueblo, Colo., and Milan, Italy. About 160 employees directly associated with this business will continue with KMG Chemicals. High-purity process chemicals are basic and custom-performance blends of acids and solvents used in the manufacture of semiconductors. Customers use the chemicals in their manufacturing process to etch and clean the wafer at each production layer. These chemicals remove unwanted residue at very specific rates. The typical application is in the form of chemical baths or spray on devices.

Air Products' Electronics business is a leading supplier of gases, chemicals and equipment for the global electronics industry. Our customers are manufacturers around the world and across market segments and include device makers and foundries, TFT-LCD flat panel manufacturers, and the photovoltaic market.

Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $10 billion, operations in over 40 countries, and 22,000 employees around the globe.

Source: Air Products

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home