Entegris, Inc. today announced that it has completed its acquisition of ATMI, Inc., creating a supplier of products and materials for semiconductor and other advanced manufacturing.
Bertrand Loy, President and Chief Executive Officer of Entegris said, “We are excited to bring together two strong, successful companies with premium brands and incredibly talented teams. As one company, we are creating a very compelling platform for our shareholders, customers and employees. As our customers continue to develop and ramp new, ever more complex and advanced manufacturing processes, we are positioned to leverage our innovative energy and unique strengths to bring a broader portfolio of yield-enhancing solutions to market faster than before.”
The combined company, which employs 3,500 people worldwide, has pro forma 2013 revenues of more than $1 billion and adjusted EBITDA of approximately $248 million, adjusted for targeted annualized cost synergies of $30 million, transaction-related costs and other one-time items.