Versum Materials Inc. (NYSE: VSM), Tempe, AZ, has agreed to acquire Dynaloy LLC from Eastman Chemical Co. (NYSE: EMN) for $13 million. Dynaloy is a supplier of formulated cleaning solutions for the semiconductor and specialty manufacturing industries.
“We are excited for the Dynaloy team to join Versum," said Edward Shober, senior vice president, materials. "With a strong patented product portfolio and customer relationships, the acquisition of Dynaloy exemplifies Versum’s strategy to enhance its SP&C technology capabilities and product offerings to the growing advanced packaging materials market in the semiconductor industry."
