18.07.2017 • NewsElaine BurridgeVersumDynaloy

Versum to Buy Dynaloy from Eastman Chemical

(c) Air Products
(c) Air Products

Versum, the Air Products electronic materials spin-off, has agreed to acquire Dynaloy from Eastman Chemical for around $13 million in cash. Headquartered in Indianapolis, Indiana, USA, Dynaloy supplies formulated cleaning solutions for the semiconductor and specialty manufacturing industries.

Edward Shober, senior vice president, materials at Versum, said Dynaloy’s strong patented portfolio epitomizes Versum’s strategy to enhance its surface prep & clean (SP&C) technologies and products. Versum’s technologies are used to selectively etch and remove residue and contamination during multiple steps of the integrated circuit fabrication process.

After the deal’s closure, which is expected during the company’s fiscal  2017’ fourth quarter, the Dynaloy business will be integrated into Versum’s SP&C product portfolio. Versum said the acquisition will strengthen and accelerate its growth in advanced packaging materials, one of the fastest growing segments in the semiconductor cleaning market.

According to market researcher Yole Développement, advanced packaging revenues in the semiconductor industry are estimated to rise from more than $22 billion in 2016 to nearly $30 billion by 2020.

Virtual Event

DIGITALIZATION IN THE CHEMICAL INDUSTRY

DIGITALIZATION IN THE CHEMICAL INDUSTRY

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

Free Virtual Event

Sustainability in Bioprocessing
Bioprocess Forum

Sustainability in Bioprocessing

Join us to explore hot topics in sustainable bioprocessing like the industrial potential of enzymatic synthesis, innovative biocatalysis techniques, and the use of digital twins in bioprocessing.