Versum Materials, Inc. is an American company that manufactures chemical-mechanical planarization slurries, ultra-thin

dielectric In electromagnetism, a dielectric (or dielectric medium) is an Insulator (electricity), electrical insulator that can be Polarisability, polarised by an applied electric field. When a dielectric material is placed in an electric field, electric ...

and metal

precursors of film Precursors of film are concepts and devices that have much in common with the later art and techniques of cinema. Precursors of film are often referred to as precinema, or 'pre-cinema'. Terms like these are disliked by several historians, partly ...

, formulated cleans and

etching Etching is traditionally the process of using strong acid or mordant to cut into the unprotected parts of a metal surface to create a design in intaglio (incised) in the metal. In modern manufacturing, other chemicals may be used on other type ...

products, and delivery equipment for the

semiconductor industry The semiconductor industry is the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices, such as transistors and integrated circuits. Its roots can be traced to the invention of the transistor ...

. It is a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

Merck Group The Merck Group, branded and commonly known as Merck, is a German Multinational corporation, multinational science and technology company headquartered in Darmstadt, with about 60,000 employees and a presence in 66 countries. The group include ...

History

On October 3, 2016,

Air Products & Chemicals Air Products and Chemicals, Inc. is a U.S.-based international corporation whose principal business is selling gases and chemicals for industrial use. Air Products is headquartered in Trexlertown, Pennsylvania, in the Lehigh Valley region of east ...

completed the

corporate spin-off A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct ...

of the company. In 2017, the company acquired Dynaloy from

Eastman Chemical Company Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent global specialty materials company that produces a broad range of advanced materials, chemicals an ...

for approximately $13 million to expand its Surface Prep and Cleans business. In October 2019,

acquired the company.

References

Merck Group Companies based in Tempe, Arizona Companies formerly listed on the New York Stock Exchange Manufacturing companies based in Arizona Chemical companies of the United States American companies established in 2016 Chemical companies established in 2016 2019 mergers and acquisitions 2016 establishments in Arizona Corporate spin-offs American subsidiaries of foreign companies {{US-manufacturing-company-stub