Entegris Buys MPD Chemicals - Quick Facts

(RTTNews) - Entegris, Inc. (ENTG) has acquired MPD Chemicals, a provider of advanced materials to the specialty chemical, technology, and life sciences industries, for approximately $165 million in cash. Entegris said the acquisition will continue to grow the company's engineered materials portfolio.

Bertrand Loy, CEO of Entegris, said: "The deposition material market is one of the fastest growing market segments in semiconductor applications, driven by the adoption of new materials and more complex, chip architectures. Our recent investments in this space expands our ability to provide our customers the manufacturing scale and capabilities to enable their most demanding applications."

In March, 2019, Entegris acquired Digital Specialty Chemicals, a provider of advanced materials to the semiconductor, specialty chemical, and pharmaceutical industries.