ATMI ACQUIRES DELATECH IN $50 MILLION DEAL
Solidifies EcoSys Semiconductor Environmental Unit as Global Leader
DANBURY, CT - June 1, 1999 -ATMI, Inc. (Nasdaq: ATMI), today
announced it acquired Delatech Incorporated (Milpitas, California) on May
31st. ATMI issued 2.3475 million common shares in exchange for all Delatech
shares in this pooling of interests deal. Delatech, a semiconductor
environmental equipment supplier, becomes part of ATMI's EcoSys
semiconductor process and environmental controls business.
Jim Burns, President of EcoSys, said, "EcoSys's goal is to be able
to supply every semiconductor manufacturing customer with all the
environmental and process gas monitoring solutions they need. Adding
Delatech's products and expertise to our existing product line enables
EcoSys to offer our customers complete applications coverage while
strengthening our position as the technology leader in effluent abatement."
Roger McKinley, CEO of Delatech, commented, "Delatech and EcoSys
are both excited by the prospects before us. Combining Delatech and EcoSys
creates a global organization with the critical mass in sales and service
to be the semiconductor industry's true leader in comprehensive
environmental solutions."
Peter Kirlin, Executive Vice President of ATMI Technologies, said,
"ATMI intends to become the company the semiconductor industry turns to for
innovative, integrated materials, equipment, and service solutions.
Together, EcoSys and Delatech environmental solutions and services are
second to none in the semiconductor gas sensor and abatement market."
Delatech Incorporated, a private company, was founded in 1991 to
provide environmental abatement equipment to the semiconductor industry.
Based in Milpitas, California, it has approximately 110 employees and 1998
revenues in excess of $20 million. Major customers of Delatech products
include Applied Materials, United Microelectronics Corp. (UMC), and Taiwan
Semiconductor Manufacturing Corporation (TSMC). |
