SCF Partners, Inc. acquired Flowchem, Val-Tex and Sealweld from Entegris, Inc. for approximately $290 million.
March 03, 2024
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SCF Partners, Inc. acquired Flowchem, Val-Tex and Sealweld from Entegris, Inc. (NasdaqGS:ENTG) for approximately $290 million on March 4, 2024. The purchase price of up to $285 million, consisted of $260 million in cash that has been received at closing, subject to customary post-closing adjustment, and a $25 million earnout based on the achievement of certain 2025 and 2026 financial performance targets. The proceeds of this transaction will be used for further debt paydown. Jefferies LLC is acting as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Entegris.
SCF Partners, Inc. completed the acquisition of Flowchem, Val-Tex and Sealweld from Entegris, Inc. (NasdaqGS:ENTG) on March 4, 2024.
Entegris, Inc. is a supplier of advanced materials and process solutions for the semiconductor and other high technology industries (high-tech). The Company's segments include Materials Solutions (MS), Microcontamination Control (MC) and Advanced Materials Handling (AMH). The MS segment provides advanced consumable materials, such as chemical mechanical planarization (CMP) slurries and pads, deposition materials, process chemistries and gases, formulated cleans, etchants and other specialty materials. The MC segment is engaged in filtering and purifying critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-tech industries. The AMH segment protects critical materials during manufacturing, transportation, and storage; including products that monitor, protect, transport and deliver critical liquid chemistries, wafers, and other substrates for a broad set of applications in the semiconductor, life sciences and other high-tech industries.
ENTEGRIS, INC. 
