Versum Materials Explained

Versum Materials, Inc.
Type:Subsidiary of Merck Group
Industry:Chemicals
Founded: in Tempe, Arizona, United States
Hq Location City:Tempe, Arizona
Hq Location Country:U.S.
Area Served:Global
Key People:Guillermo Novo, President, CEO & Director
Products:Specialty materials for the semiconductor and display industries
Num Employees:2,200
Num Employees Year:2017
Parent:Merck Group

Versum Materials, Inc. is an American company that manufactures chemical-mechanical planarization slurries, ultra-thin dielectric and metal precursors of film, formulated cleans and etching products, and delivery equipment for the semiconductor industry. It is a subsidiary of Merck Group.

History

On October 3, 2016, Air Products & Chemicals completed the corporate spin-off of the company.[1]

In 2017, the company acquired Dynaloy from Eastman Chemical Company for approximately $13 million to expand its Surface Prep and Cleans business.[2]

In October 2019, Merck Group acquired the company.[3]

Notes and References

  1. News: Products names material technologies spinoff . Lehigh Valley Business . November 5, 2015.
  2. Versum Materials to Acquire Dynaloy, a Leading Cleans Solutions Supplier for Semiconductor Advanced Packaging . . July 11, 2017.
  3. Merck KGaA, Darmstadt, Germany, Completes Acquisition of Versum Materials . . October 7, 2019.