Entegris Acquires CMP Slurry Manufacturer Sinmat
Entegris, a leader in specialty chemicals and advanced materials solutions, announced today it has acquired Sinmat, a CMP slurry manufacturer. Located in Gainesville, Florida, Sinmat is now part of the Specialty Chemicals and Engineered Materials (SCEM) Division of Entegris.
Sinmat designs and produces Chemical Mechanical Planarization (CMP) slurries used for polishing ultra-hard surface materials, including SiC (silicon carbide) and GaN (gallium nitride). SiC and GaN are substrates utilized in the fast-growing end-markets of power electronics and advanced communications. The combination of Sinmat's slurry technology with Entegris broad capabilities in CMP cleans, filtration and applications technology will 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; allowing us to create unique and differentiated value for our customers,” said Bertrand Loy, President and CEO of Entegris. “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.”
“Joining Entegris provides us a great opportunity to increase the value we deliver to our customers. 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,” said Rajiv Singh, CEO of Sinmat.
Entegris acquired Sinmat for approximately $75 million in cash, subject to customary purchase price adjustments.