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Cabot Microelectronics Corp. recently announced that it has completed its acquisition of Epoch Material Co., Ltd. for a total purchase price of approximately $66 million. Epoch was a consolidated subsidiary of Eternal Chemical Co., Ltd. and specializes in the development, manufacture and sale of copper CMP slurries and CMP cleaning solutions to the semiconductor industry, as well as color filter slurries to the liquid crystal display (LCD) industry. As planned, Cabot Microelectronics initially obtained 90% of Epoch’s stock, with the remaining 10% to be transferred to the company from Eternal in 18 months.
“We are excited to begin integrating Epoch with our business, which we believe will enhance our collective ability to innovate, deliver and support high-performing, world-class products to our customers around the world,” said William Noglows, chairman and chief executive officer of Cabot Microelectronics. “We expect that Epoch’s success in copper CMP slurries, along with its strong customer relationships and extensive infrastructure in Taiwan, will provide an excellent opportunity to strengthen and grow our core CMP consumables business, primarily in the area of copper CMP. Additionally, we plan to leverage our global infrastructure to expand the sale of Epoch-branded products to the global semiconductor industry.”
Visit www.cabotcmp.com or www.epochmaterial.com for more information.