AZ Electronic Materials
AZ Electronic Materials is a specialty chemicals company. On 2 May 2014, Merck KGaA announced the successful acquisition of AZ Electronic Materials.
 | |
| Type | Subsidiary |
|---|---|
| Industry | Chemicals |
| Founded | 1950s |
| Headquarters | Luxembourg |
Key people | John Whybrow, Chairman Geoff Wild, CEO |
| Revenue | US$730.3 million (2013)[1] |
| US$120.8 million (2013)[1] | |
| US$57.3 million (2013)[1] | |
| Parent | Merck KGaA |
| Website | www.azem.com |
History
The Company was established in the 1950s as a division of Hoechst (now Sanofi).[2] The name of the company is derived from the organic compound diazo.[3] In 1997 it was acquired by Clariant, a Swiss specialty chemicals business and in 2004 it was bought with funds controlled by the Carlyle Group.[2] Vestar Capital Partners took a stake in the company in 2007.[2] In October 2010 it was first listed on the London Stock Exchange.[4] On 2 May 2014, Merck KGaA announced the successful acquisition of AZ Electronic Materials.[5]
Operations
The Company produces and sells specialty chemical materials used in the manufacture of integrated circuits and flat panel displays.[2]
References
- Preliminary Results 2013 Archived March 15, 2014, at the Wayback Machine
- AZ Electronic Materials plc: Prospectus
- AZ Electronic Materials: History Archived July 7, 2011, at the Wayback Machine
- iPad chemical maker AZ Electronic Materials to list in London Daily Telegraph, 2 October 2010
- "Merck KGaA says completes acquisition of AZ Electronic". 2 May 2014. Retrieved 7 May 2014.