FUJIFILM Holdings America Corporation entered into a definitive agreement to acquire KMG Chemicals, Inc. from CMC Materials, Inc. for $700 million on May 10, 2023. The transaction is subject to receipt of required regulatory approvals and other customary closing conditions. As of September 22, 2023, the Competition and consumer commission of Singapore (CCCS) approved the transaction. The transaction is expected to close by the end of 2023. Proceeds from the sale are expected to be used to accelerate debt paydown. BofA Securities, Inc. acted as financial advisor to Entegris, Inc. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Entegris, Inc. Goldman Sachs & Co. LLC acted as financial advisor to FUJIFILM Holdings America Corporation.

FUJIFILM Holdings America Corporation completed the acquisition of KMG Chemicals, Inc. from CMC Materials, Inc. on October 2, 2023. KMG Chemicals, Inc. is being re-named FUJIFILM Electronic Materials Process Chemicals. The executive leadership team is composed of seasoned leaders from both Fujifilm and the business division to drive a smooth integration and business success: Tetsuya Iwasaki is chairman. Brian O?Donnelly is chief executive officer. Ryan Mears, Vice President & General manager.