Mykrolis (NYSE:MYK)
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Mykrolis Acquires Extraction Systems
Acquisition Augments Mykrolis's Gas Microcontamination Control Product Line
BILLERICA, Mass., March 3 /PRNewswire-FirstCall/ -- Mykrolis Corporation
(NYSE:MYK), a leading supplier of components and subsystems to the
semiconductor industry, announced today it acquired privately held Extraction
Systems, Inc. (Extraction) for $25 million in cash.
Based in Franklin, Massachusetts, Extraction's products are used to measure and
remove airborne molecular contaminants in the semiconductor manufacturing
process. If not precisely controlled, contaminants can cause wafer defects and
impact manufacturing yields, as well as damage sensitive semiconductor
manufacturing equipment.
According to Jean-Marc Pandraud, president and chief operating officer of
Mykrolis, Extraction's equipment and consumable products are used on major
lithography exposure tool and track systems found in semiconductor fabs around
the world. "The addition of Extraction Systems will fit well with our existing
gas microcontamination control business and will increase our product and
technology offering in lithography, one of the most rapidly growing areas in
the semiconductor industry," said Pandraud.
Devon Kinkead, president of Extraction commented: "Joining Mykrolis
accelerates our plans to expand our service to our direct customers in Japan,
and end-user customers in Asia since we will be able to leverage Mykrolis's
extensive direct sales and support organization. We have also gained immediate
access to water purification competencies critical to serving the needs of our
lithography customers as they extend their 193nm optical platforms using
immersion techniques."
About Mykrolis
Mykrolis develops and manufactures fluid management and microcontamination
control components and integrated systems for the semiconductor industry. The
Company's product line comprises consumables and equipment that measure,
control and purify liquids, gases and chemicals critical to the manufacturing
process. In addition to the semiconductor industry, the Company serves related
markets including manufacturers of flat panel displays, fiber optics, solar
cells, optical disks and data storage devices. Mykrolis is based in Billerica,
Massachusetts. For more information, visit http://www.mykrolis.com/.
About Extraction Systems
Extraction produces a wide range of molecular contamination measurement and
control products for ultraclean environments. Headquartered in Franklin,
Massachusetts, Extraction provides solutions to the global microelectronics
industry. For more information, visit http://www.extractionsystemsinc.com/.
CONTACT:
Steve Cantor
Mykrolis Corporation
Tel. 978-436-6500
DATASOURCE: Mykrolis Corporation
CONTACT: Steve Cantor of Mykrolis Corporation, +1-978-436-6500,
Web site: http://www.extractionsystemsinc.com/
http://www.mykrolis.com/