Entegris acquires CMP slurry firm Sinmat
Acquisition adds slurries for polishing ultra-hard surface materials including SiC and GaN
Entegris, a specialty chemicals and materials company, has acquired Sinmat, a Chemical Mechanical Planarisation (CMP) slurry manufacturer, based in Gainesville, Florida, USA.
Sinmat designs and produces CMP slurries used for polishing ultra-hard surface materials, including SiC and GaN.
“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.