ATMI To Acquire Newform
DANBURY, Conn. and HOEGAARDEN, Belgium--(BUSINESS WIRE)--Oct. 15, 1999--
Adds High Purity Solids Packaging Technology
ATMI, Inc. (Nasdaq: ATMI), today announced that it has signed a definitive agreement to acquire Newform N.V. of Hoegaarden, Belgium for 550,000 common shares of ATMI common stock in a pooling-of-interests share exchange transaction. The completion of the transaction is subject to regulatory approvals and other closing conditions. Following the transaction, expected to close during the fourth quarter of 1999, Newform's products will join ATMI's specialty materials packaging product lines that include the SDS(R) Gas Source and the NOWPak(R) liquid delivery systems.
Doug Neugold, Executive Vice President, ATMI Materials, said, "With the addition of Newform to ATMI, we'll be a comprehensive single source for high purity gas, liquid, or solid materials packaging. ATMI will gain new facilities centrally located in the European Community, while Newform will add access to ATMI's US- and Asian-based manufacturing and sales operations."
Terry Nagel, President of ATMI's NOWPak liquid packaging business, said, "With the packaging technology Newform brings to the table, ATMI will be able to package critical solids -- sputter targets, wafer and disc shippers, cleanroom parts, container overwraps, and more -- for all facets of the microelectronics market. Newform's pharmaceutical sales nicely complement NOW's emerging sales into this industry."
Stephane Huynen, Newform's Managing Director, said, "Newform is well known and respected for its premium purity, flexible packaging products. We see enhanced sales and marketing opportunities, with greater opportunities to present our products to current and potential ATMI customers. We believe we will also be able to provide select ATMI operations with lower cost, higher quality packaging products."
Newform provides high-purity flexible ultra clean Cleansteam(TM) packaging to the semiconductor and pharmaceutical industries. ISO 9002 certified, Newform is based in Hoegaarden, Belgium, and employs about 40 people. Its 70,000 square foot facility includes 15,000 square feet of Class 100 cleanroom space. |
