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.

AZ Electronic Materials
Subsidiary
IndustryChemicals
Founded1950s
HeadquartersLuxembourg
Key people
John Whybrow, Chairman
Geoff Wild, CEO
RevenueUS$730.3 million (2013)[1]
US$120.8 million (2013)[1]
US$57.3 million (2013)[1]
ParentMerck KGaA
Websitewww.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]

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References
  1. Preliminary Results 2013 Archived March 15, 2014, at the Wayback Machine
  2. AZ Electronic Materials plc: Prospectus
  3. AZ Electronic Materials: History Archived July 7, 2011, at the Wayback Machine
  4. iPad chemical maker AZ Electronic Materials to list in London Daily Telegraph, 2 October 2010
  5. "Merck KGaA says completes acquisition of AZ Electronic". 2 May 2014. Retrieved 7 May 2014.
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