CHASKA, Minn., March 6, 2008 (PRIME NEWSWIRE) -- Entegris, Inc. (Nasdaq:ENTG) announced today it signed an agreement to purchase a 14 percent equity stake of privately held Integrated Materials, Inc. (IMI) for $8 million. IMI is a Sunnyvale, California-based supplier of poly silicon products used to improve the productivity of semiconductor manufacturing diffusion processes. Under the agreement, Entegris intends to purchase the remaining equity of IMI upon completion of certain closing conditions.
Gideon Argov, president and chief executive officer of Entegris, said: "The access to IMI's breakthrough materials technology dovetails with our focus on improving the productivity of our semiconductor customers by controlling contamination in their manufacturing process. IMI's unique, consumable solution, which uses a poly silicon material to significantly reduce particle contamination and improve yields, extends our wafer handling business and material science expertise."
Daniel Rubin, president and chief executive officer of IMI, commented: "We are excited to have a partner with the product portfolio, industry success and experience of Entegris. Their global footprint, local support and applications capabilities will allow IMI to expand geographically from our current top tier semiconductor customers."
IMI's core products are high temperature wafer carriers which are used to support the semiconductor wafer while it is being processed inside the diffusion furnace chamber of a semiconductor manufacturing tool.
About Entegris
Entegris is a leading provider of a wide range of products for purifying, protecting and transporting critical materials used in processing and manufacturing in semiconductor and other high-tech industries. With annual sales of $626 million, Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information can be found at www.entegris.com.
Forward-Looking Statements
Certain information contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current management expectations only as of the date of this press release, which involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Statements which are modified by words such as "anticipate," "believe," "estimate," "expect," "forecast," "may," "will," "should" or the negative thereof and similar expressions as they relate to Entegris or our management are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. These risks include, but are not limited to, fluctuations in the market price of Entegris' stock, future operating results of Entegris, other acquisition and investment opportunities available to Entegris, general business and market conditions and other factors. Additional information concerning these and other risk factors may be found in previous financial press releases issued by Entegris and Entegris' periodic public filings with the Securities and Exchange Commission, including the discussion described under the headings "Risks Relating to our Business and Industry," "Manufacturing Risks," "International Risks," and "Risks Related to Securities Markets and Ownership of Our Securities" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as well as other matters and important factors disclosed previously and from time to time in the filings of Entegris with the U.S. Securities and Exchange Commission. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update publicly any forward-looking statements contained herein.