Air Products buys US semiconductor equipment firm Poly-Flow Engineering
Air Products has acquired the business of Poly-Flow Engineering (PFE), a manufacturer of equipment for the semiconductor industry based in Albuquerque, N.M.
Terms of the deal with PFE and its owner Ktech Corporation were not disclosed.
PFE, which has 100 employees, manufactures a line of equipment focused on advanced chemical delivery and precision cleaning for leading semiconductor manufacturers. It also offers equipment for the medical, optical fiber and solar industries.
"The acquisition of Poly-Flow Engineering is a good fit with our existing equipment business and should be immediately accretive to our bottom line," said Jae Woon You, general manager of electronics equipment solutions (EES) for Air Products.
Air Products has more than 60 years experience in the safe and reliable delivery of gases and chemicals to a variety of markets including the semiconductor, TFT-LCD and photovoltaic industries, it said.
EES operates from four major hubs including engineering and R&D at Air Products' headquarters in Allentown, Pa. and Carlsbad, Calif., and equipment manufacturing sites in Allentown and Ansan, Korea.
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