| AZ Electronic Materials | |
| Type: | Subsidiary |
| Foundation: | 1950s |
| Location: | Luxembourg |
| Key People: | John Whybrow, Chairman Geoff Wild, CEO |
| Industry: | Chemicals |
| Revenue: | US$730.3 million (2013)[1] |
| Operating Income: | US$120.8 million (2013) |
| Net Income: | US$57.3 million (2013) |
| Parent: | Merck KGaA |
| Homepage: | www.azem.com |
AZ Electronic Materials is a specialty chemicals company. On 2 May 2014, Merck KGaA announced the successful acquisition of AZ Electronic Materials.
The company was established in the 1950s as a division of Hoechst (now Sanofi).[2] The name of the company is derived from the organic compound diazo.[3] In 1997 it was acquired by Clariant, a Swiss specialty chemicals business and in 2004 it was bought with funds controlled by the Carlyle Group.[2] Vestar Capital Partners took a stake in the company in 2007.[2] In October 2010 it was first listed on the London Stock Exchange.[4] On 2 May 2014, Merck KGaA announced the successful acquisition of AZ Electronic Materials.[5]
The Company produces and sells specialty chemical materials used in the manufacture of integrated circuits and flat panel displays.[2]