10 January 2020
Entegris acquires CMP slurry manufacturer Sinmat
Entegris Inc of Billerica, MA, USA, which provides specialty chemicals and materials handling solutions, has acquired chemical-mechanical planarization (CMP) slurry manufacturer Sinmat of Gainesville, FL, USA for about $75m in cash (subject to customary purchase price adjustments). Sinmat is now part of Entegris’ Specialty Chemicals and Engineered Materials (SCEM) Division.
Sinmat designs and produces CMP slurries for polishing ultrahard-surface materials, including silicon carbide (SiC) and gallium nitride (GaN) substrates used in the fast-growing end-markets of power electronics and advanced communications. The combination of Sinmat’s slurry technology with Entegris capabilities in CMP cleans, filtration and applications technology is expected to enable new solutions for Entegris’ CMP customers.
“The acquisition of Sinmat brings Entegris significant technical expertise, talent and, importantly, the addition of specialty CMP slurries to our already broad specialty chemicals portfolio,” says Entegris’ president & CEO Bertrand Loy. “Sinmat is a leader in CMP slurries for polishing high-performing materials in some of the fastest-growing end-markets globally, including electric vehicles and 5G communications infrastructure,” he adds.
“Joining Entegris provides us a great opportunity to increase the value we deliver to our customers,” believes Sinmat’s CEO Rajiv Singh. “The combined technical expertise, global infrastructure, scale and operational resources will allow us to stay highly focused on product innovation and expand our global reach.”