Wednesday 6 April 2016

KMG ANNOUNCES ACQUISITION OF NAGASE FINECHEM

FORT WORTH, Texas, April 5 (Bernama-BUSINESS WIRE) -- KMG (NYSE: KMG), a global provider of specialty chemicals, today announced it has acquired Nagase FineChem (NFC), a Singapore-based manufacturer of electronic chemicals.

Established in 2001, NFC manufactures wet process chemicals, including solvents, acids and custom blends for the liquid crystal display, electronics and semiconductor markets. The firm’s five-acre Singapore site comprises a manufacturing and packaging facility, warehouse, laboratory and cleanroom. In addition to its manufacturing, logistics and analytics capabilities, NFC provides recycling and refining services through the installation of on-site chemical supply and reclaiming systems at customer production facilities. For the 12-month period ending December 2015, NFC generated revenue of approximately US$8 million.
http://mrem.bernama.com/viewsm.php?idm=26535

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