ATMI COMPLETES ACSI ACQUISITION
$27 Million Deal Puts ATMI into Photolithography and CMP Materials
DANBURY, CT - June 1, 1999 -ATMI, Inc. (Nasdaq: ATMI), today
announced it has completed its acquisition of Advanced Chemical Systems
International, Inc. (ACSI) of Milpitas, California. Under the pooling of
interests transaction, ATMI issued 1.2 million common shares for all ACSI
interests. ACSI joins ATMI's other specialty materials products under the
ATMI Materials banner.
Doug Neugold, Executive Vice-President of ATMI Materials, said,
"Adding ACSI's photolithography and CMP (chemical mechanical polishing)
materials expertise to ATMI moves us closer to our goal - becoming the
first company semiconductor manufacturers turn to for all their front-end
specialty materials requirements. ATMI's innovative materials portfolio now
encompasses materials for chemical vapor deposition (CVD), CMP, ion
implant, photolithography, and high-purity materials packaging."
Richard Brewer, President of ACSI, commented, "ACSI's innovative
CMP and photolithography materials are complementary to ATMI's leading edge
semiconductor materials. Together, with ATMI Materials, we are looking to
expand our abilities - in variety and geography - to serve our customers
with an ever more comprehensive set of specialty materials for the global
semiconductor industry."
Dan Sharkey, ATMI CFO, said, "ATMI will take an one-time charge in
the second quarter of 1998 to cover the costs of completing the TeloSense,
ACSI, and Delatech transactions. We anticipate these transactions will be
accretive."
Advanced Chemical Systems International, Inc. offers the
semiconductor industry photolithography chemicals and novel, high-purity
CMP materials that ensure greater surface planarity. ACSI has 85 employees
and had revenues more than $17 million in 1998. |
