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Air Products acquires Ashland's Electronic Chemicals business
LEHIGH VALLEY, Pennsylvania (September 02, 2003) - Air Products, materials and services solution provider to the semiconductor industry, has acquired the Electronic Chemicals business of Ashland, in a cash transaction valued at approximately USD $300 million. The acquisition has received the necessary regulatory approvals.
Ashland's Electronic Chemicals business now will be integrated with Air Products' $1 billion worldwide Electronics Division, one of the company's four major growth platforms, along with Refinery Hydrogen and Energy Solutions, Performance Materials and Healthcare.
The USD $200 million Electronic Chemicals business of Ashland has a global network of sales and marketing offices in North America, Europe and Asia, and offers a suite of products, including:
Ashland's portfolio of electronic chemicals complements Air Products' existing product offerings, which include many of the consumable products and services that surround the process tool in semiconductor manufacturing. Air Products' global reach includes specialty materials, including electronic ultra-high purity gases and chemicals, OptiYield developers, chemical mechanical planarization (CMP) slurries; liquid and bulk gases; ultra-high purity equipment; turnkey project execution services through TRiMEGA Electronics; analytical services and microelectronics applications; and MEGASYS total gas and chemical management services. "This acquisition is a great fit for our customers and for our employees - including as of today, the newest members of our family from Ashland's Electronic Chemicals business," said Gerald G. Ermentrout, Vice President and General Manager of Air Products' Electronics Division. "The employees who are coming on board have similar cultures, experiences and values such as safety, innovation, quality and customer service and, because of that, we look forward to successfully integrating this acquisition into our company. In addition, this acquisition will provide us with a more intimate electronic chemicals process knowledge and a broader reach in Asia, which means our customers will see an immediate increase in the breadth of our offerings and global service capabilities, as well as additional integrated solutions development forcurrent and next generation technologies." About 75% of mergers fail due to poor evaluation DURHAM, North Carolina (August 23, 2003) - As mergers and acquisitions make a comeback, a recent study shows that an overwhelming 75% of large company M&A deals fail to increase shareholder value. World's first corporate governance guidelinesSYDNEY, Australia (August 23, 2003) - Following the recent spate of high profile corporate collapses across the world, an Australian company, SAI, has developed the world's first consensus based guidelines for organisations seeking to improve their corporate governance practices. May I have the envelope, please?It’s tough to be an independent trading exchange these days. Stock prices are down, IPOs are cancelled and business is tough to find – and that’s just among the survivors. To add insult to injury, every speaker at e-business conferences these days seems to start with a joke at their expense. OneChem and webMethods deploy integrated customer care solutionMIAMI, Florida (April 24, 2001) – OneChem (onechem.com), an application service provider to the chemical industry, and webMethods (webMethods.com), a provider of integrated software solutions, have successfully implemented the OneChem Customer Care integrated solution at Vulcan Chemicals. Eastman takes steps to improve profitabilityKINGSPORT, Tennessee (August 27, 2003) - Eastman Chemical has outlined steps to improve profitability by addressing under-performing businesses and product lines in one of its major segments. Honeywell builds on commitment to ChinaTIANJIN, China (August 20, 2003) - Honeywell Industrial Measurement and Control has opened a center for assembling smart pressure transmitters in Tianjin, China. A new pollution solution – fuel cells for fresh airTORONTO (August 20, 2003) - The first phase of a new clean air initiative, fuel cells for fresh air, have been unveiled at the Canadian National Exhibition’s (CNE) Green Day event! Core Microsoft Office products are complete and released to manufacturersREDMOND, Washington (August 20, 2003) - Microsoft has now completed the core products in the new Microsoft Office System and has released all products to manufacturing, marking what Microsoft describes as a critical step in the delivery of the company's most powerful and and
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