03 August 2011 19:59 [Source: ICIS news]
HOUSTON (ICIS)--Eastman Chemical has acquired the assets of Dynaloy, a company that produces cleaning solutions used in the semiconductor industry, the US-based specialty chemicals producer said on Wednesday.
Financial terms were not disclosed.
The deal includes Dynaloy's inventory equipment, intellectual property and customer contracts, Eastman said.
Eastman acquired the company as part of its strategy to expand its product line for electronic materials within its coatings, adhesives, specialty polymers and inks (CASPI) segment, it said.
“Dynaloy brings a strong market connect along with material science capabilities that are complementary to our own,” according to a statement by Scott Ballard, industry director for Eastman's electronic materials.
“As we continue to develop and grow Eastman’s presence in electronic materials, the expertise and reliability that Dynaloy customers have come to expect will be a great asset to our overall growth strategy," Ballard said.
For more on Eastman visit ICIS company intelligence
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