 |
 |
||||||
[July 2008]
Entegris to Acquire Poco Graphite
Entegris Inc (Chaska, MN, USA) has signed a definitive agreement to acquire privately held Poco Graphite Inc (Decatur, TX, USA) in an all-cash transaction valued at US$158 million.
Poco Graphite is a leading provider of process critical graphite-based consumables and finished products used in a variety of markets, including semiconductor, EDM (electrical discharge machining), medical, opto-electronic, aerospace and specialty industrial. In 2007, Poco generated revenues of more than US$60 million, of which approximately 40% was from sales to semiconductor-related customers.
The transaction, which is expected to be accretive to Entegris’ earnings per share in 2009, will extend its position in the semiconductor market as a major provider of process-critical consumables and related products and services and will add new complementary growth vectors in other high performance industries.
“This transaction adds to our core materials science competencies, significantly broadens our range of high-performance consumable offerings, and enables us serve more customers in more ways,” said Gideon Argov, President and CEO of Entegris. “As such, it is an opportunity to increase our revenues and earnings, accelerate our growth, create economies of scale and build value for our shareholders.
"POCO, together with the Entegris Specialty Coatings business that we acquired in August 2007, will form the foundation of a materials-based, consumable products business that has a strong presence in semiconductors but is also well-positioned in other growth areas. With 60 percent of its revenue coming from outside the semiconductor industry, POCO provides us with existing sales and growth opportunities in the medical, aerospace and specialty industrial markets.”
www.entegris.comENDS