FUJIFILM to Expand Its Electronic Materials Business with Agreement to Acquire High-Purity Solvent Manufacturer, Ultra Pure Solutions, Inc.
By Business Wire News
By Business Wire News
NORTH KINGSTOWN, R.I. & CASTROVILLE, Calif.
FUJIFILM Corporation today announced the signing of an agreement to acquire the U.S. solvent manufacturer, Ultra Pure Solutions, Inc. (“UPSI”), based in Castroville, California, by Fujifilm’s electronic materials manufacturing and marketing subsidiary, FUJIFILM Electronic Materials U.S.A., Inc. (“FEUS”). Upon completion of the acquisition, UPSI, a manufacturer of high-purity solvents used in semiconductor-related manufacturing processes will become a subsidiary of FEUS, to be known as FUJIFILM Ultra Pure Solutions, Inc. The acquisition, which is subject to the satisfaction of customary closing conditions, is expected to be completed this year.
“This acquisition will further reinforce Fujifilm’s global leadership and commitment to the semiconductor industry,” said Dr. Brian O’Donnelly, President & CEO, FUJIFILM Electronic Materials U.S.A., Inc. “Fujifilm’s market and manufacturing leadership will be strengthened by adding Ultra Pure Solutions’ high-purity product line, manufacturing infrastructure and supply chain to our existing competencies in providing our customers with advanced semiconductor materials technology solutions and delivery equipment.”
“This is an exciting new chapter for us,” said Christopher Fitzjohn, President and founder, Ultra Pure Solutions, Inc. “With the combined strength and capability of FUJIFILM Electronic Materials and Ultra Pure Solutions, I have no doubt that together, we will be able to expand the business and provide solutions for a variety of customers worldwide.”
Solvents are used widely in semiconductor-related manufacturing processes, such as cleaning and rinsing silicon wafers carrying electronic circuits as well as producing and processing photoresists used in semiconductor manufacturing. In these semiconductor-related manufacturing processes, the presence of impurities in solvents, such as metal ions and ultra-small foreign particles, can reduce the yield rate of semiconductor products. With semiconductors’ electronic circuits becoming smaller and finer, solvents must have even greater purity.
UPSI has facilities in Castroville, California and Carrollton, Texas capable of producing select high-purity solvents meeting demanding customer requirements. UPSI also has a broad product lineup catering to other diverse customer needs. Currently, it is one of the main suppliers of these select high-purity solvents in the U.S., with a customer base including major semiconductor manufacturers and chemical manufacturers throughout the country.
Fujifilm, while focusing on the development, production and sale of photoresists, developers, cleaners, CMP slurries and other enabling chemistries for use in semiconductor fabrication, also manufactures and sells high purity solvents. Upon completion, this latest acquisition is a good example of Fujifilm’s efforts to focus on developing the company’s highly functional materials business, and will reinforce Fujifilm’s current strategy of broadening its product offerings to further expand its electronic materials business.
About FUJIFILM Electronic Materials U.S.A., Inc.
FUJIFILM Electronic Materials U.S.A., Inc. is a wholly-owned subsidiary of FUJIFILM Corporation. Together with its global affiliates, it has offices in Japan, the United States and Belgium, and manufacturing and R&D facilities located worldwide. The company supplies advanced technology, chemistry and delivery equipment such as photoresists, cleaners and CMP slurries to the semiconductor and image sensor markets. For more information visit: www.fujifilm-ffem.com.
About FUJIFILM Corporation
FUJIFILM Corporation is a wholly-owned subsidiary of FUJIFILM Holdings Corporation, Tokyo, Japan. Fujifilm brings continuous innovation and leading-edge products to a broad spectrum of industries, including: healthcare, with medical systems, pharmaceuticals and cosmetics; graphic systems; highly functional materials, such as flat panel display materials; optical devices, such as broadcast and cinema lenses; digital imaging; and document products. These are based on a vast portfolio of chemical, mechanical, optical, electronic, software and production technologies. In the year ended March 31, 2015, the company had global revenues of $20.8 billion, at an exchange rate of 120 yen to the dollar. Fujifilm is committed to environmental stewardship and good corporate citizenship. For more information, please visit: www.fujifilmholdings.com.
About Ultra Pure Solutions, Inc.
Ultra Pure Solutions, Inc. is a supplier of key high purity solvents in North America, serving the market leaders in the semiconductor, disk drive, pharmaceutical and bio-tech industries. The company has a full array of custom packaging, blending, distillation, and purification capabilities to serve customers. For more information, go to: www.ultrapuresolutions.net.
All product and company names herein may be trademarks of their registered owners.
Diane Rainey, 914-789-8657