Just read the Prospectus....very impressive....34 yr history...16 worldwide manufacturing plants.....leading designer and maker of 300mm wafer materials mgnt solutions......Alex from Minnesota-do you have any local coverage of this IPO?//////......WCB (Wayne C. Bongard)Holdings owns 29.3% of ENTG.......EMPAK/EMPLAST founder dies
Wayne C. Bongard, founder and owner of EMPAK and EMPLAST died from an incident of cardiac arrest on Nov. 16 while on
business in Austria. He was 58. Bongard founded EMPAK, a precision high-tech injection-molding company, in 1980. In 1996 the
company split to form EMPLAST in order to serve the consumer market and custom molding. Employees remember Bongard for
his innovative ability to identify emerging technology and no-nonsense approach to business. Del Jensen will continue as EMPAK
CEO, while Bongard’s son, Mark, continues his role as EMPLAST CEO......................................................More.....Fluoroware, Empak plan to merge
A service of Semiconductor Business News, CMP Media Inc.
Story posted 12:30 p.m. EST/9:30 a.m., PST, 3/16/99
COLORADO SPRINGS, Colo.--Fluoroware Inc. and Empak Inc. today
announced an agreement to merge and create a new company that offers wafer
transport carriers, material management systems and chemical delivery solutions
for semiconductor manufacturing.
Financial terms of the merger agreement were not made available by the two
privately-held companies. A spokeswoman for Fluoroware said some details of
the merger were still being work on after the companies reached the initial
agreement.
Colorado Springs-based Empak, which supplies 200- and 300-mm wafer carriers
and pods, was formed in 1980 after spinning out of Fluoroware of Chaska, Minn.
The merger would bring the two companies together again but under a new
corporate identity.
Thirty-three-year-old Fluoroware and Empak intend to form a new board
consisting of three executives from each of the company and three other
independent directors. The two companies said they hope to finish the merger
around June 1.
While neither company gave any reasons for the merger, industry observers
speculate that the severe slump in semiconductor manufacturing investments
play a role in Fluoroware and Empak deciding to combine themselves as a larger
supplier with more products. Company officials were unavailable to elaborate on
the goals in the planned merger.
Sitting on the board of the new company will be Fluoroware chairman Dan
Quernemoen, CEO Stan Geyer, and chief operating officer Jim Dauwalter.
Empak CEO Del Jensen, director Jim Bernards, and Mark Bongard, who is the
CEO of an Empak spinoff, called Emplast. |
