Praxair has sold its advanced components business to
Fremont, Calif.-based FM Industries, a wholly-owned subsidiary
of Japans NGK Insulators.
Financial terms of the transaction were not disclosed.
The advanced components business designs, engineers,
manufactures and supplies electrostatic chucks (ESCs) and
critical chamber components for semiconductor processing
ESCs are used in etch, chemical vapor deposition and
physical vapor deposition tools, ion implanters and metrology
The business also provides high-precision thermal spray
coating services of ESCs and chamber components to improve tool
performance and reduce the cost of ownership.
The business employs approximately 70 people and generated
sales of $28 million during 2011.
Under the agreement, FM Industries acquires operating facilities in Poughkeepsie, N.Y. and
We were pleased to have worked with FMI on this
transaction and believe these assets and offerings are a good
fit for their business going forward, said David Strauss,
managing director of Praxairs electronic materials
Praxair remains committed to the electronics market
and will continue to actively pursue opportunities in the
semiconductor, display and photovoltaic industries with our
gases and materials-science products and services, he