SAN JOSE, Calif. -- KMG Chemicals Inc. has entered into a definitive agreement to acquire certain assets of the electronic chemicals business of General Chemical Performance Products LLC for $25.5 million in cash.
KMG will purchase General Chemical's electronic chemicals business and the majority of the related assets in the transaction. Included in the acquisition is a 48,000 square foot manufacturing facility in Hollister, Calif. as well as the equipment related to the business at Hollister and at their Bay Point, Calif. facility.
The products to be acquired fit well with KMG's existing electronic chemicals product line of high purity acids, bases, etchants, and other custom formulated cleaning chemistries for front and back end wafer processing, and include a series of etchants for various thin film applications in the semiconductor device, disk drive and silicon wafer industries. These chemicals are also finding application in the rapidly growing photovoltaic market.