News Article
Acquisition of vacuum equipment manufacturer delivers independence
CCMP Capital has announce the completion of its acquisition of BOC Edwards
CCMP Capital has announce the completion of its acquisition of BOC EdwardsThis marks BOC Edwards' return to independent status almost 40 years after it was acquired by BOC.CCMP Capital, through funds managed by CCMP Capital Advisors, LLC and CCMP Capital Asia Limited, completed the deal with The Linde Group, the global gases company, within 3 months of its signing on 12th March, which was subject to regulatory review and other closing conditions. Linde had previously announced the divestment following its acquisition of The BOC Group in September 2006.Commenting on the announcement Nigel Hunton, Chief Executive of BOC Edwards, said: "In the last 40 years our business has grown out of all recognition. We feel that our return to independent status, with a strong partner in CCMP, makes us well placed for success as we transition to our next phase of development"Stephen Welton from CCMP Capital Advisors added: "We believe that as an independent company BOC Edwards is ideally positioned to drive further growth in core existing markets such as semiconductors with an exciting range of new products coming through, whilst actively developing in new emerging markets such as solar where we will focus considerable additional resources."John Lewis from CCMP Capital Asia, commented: "BOC Edwards has been present in Asia for a large proportion of the last 40 years and as global electronics and technology production resources become more concentrated in Asia, we expect BOC Edwards to prosper. CCMP's presence and experience in these markets brings extra impetus to this opportunity."
