US Air Products to acquire DuPont’s stake in nanomaterials JV

01 March 2012 13:34  [Source: ICIS news]

HOUSTON (ICIS)--Air Products has agreed to acquire DuPont’s 50% stake in the companies' nanomaterials joint venture for an undisclosed sum, the US-based industrial gases major said on Thursday.

DuPont Air Products NanoMaterials, based in Tempe, Arizona, produces chemical mechanical planarisation (CMP) slurries for the global semiconductor and wafer polishing industries.

"This acquisition provides additional scale and synergies to our differentiated materials business within electronics," said Wayne Mitchell, vice-president and general manager of Air Products' electronics business.

By: Stefan Baumgarten
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