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Entegris Entegris to Acquire CMC Materials to Create a Leader in Electronic Materials December 15 , 2021 Adds Leading CMP Products and Technology to Entegris ' World - Class Solutions Set , Creating a Comprehensive Electronic Materials Platform Highly Complementary Combined Portfolio Expands Served Markets and Content per Wafer Opportunity Opportunity to Unlock Growth and Profitability through Enhanced Innovation , Scale , Execution and Revenue Synergies Expected to be Significantly Accretive to Non - GAAP EPS in Year 1 ; Generates $ 75 Million in Run - Rate Cost Synergies and $ 40 Million of CapEx Synergies within 12-18 Months from Closing Entegris and CMC Materials to Host Conference Call Today at 8:00 a.m. EST BILLERICA , Mass . & AURORA , III .-- ( BUSINESS WIRE ) -- Dec . 15 , 2021-- Entegris , Inc. ( NASDAQ : ENTG ) and CMC Materials , Inc. ( NASDAQ : CCMP ) today announced a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $ 6.5 billion . This press release features multimedia . View the full release here : https://www.businesswire.com/news/home/20211214006380/en/ Under the terms of the agreement , CMC Materials shareholders will receive $ 133.00 in cash and 0.4506 shares of Entegris common stock for each share of CMC Materials common stock they own . The total per share consideration represents a 35 % premium over CMC Materials ' closing price on December 14 , 2021 , and a 38 % premium to the 10 - day volume weighted average share price . Upon completion of the transaction , Entegris shareholders will own approximately 91 % of the combined company and CMC Materials shareholders will own approximately 9 % . CMC Materials is a leading supplier of advanced materials primarily for the semiconductor industry . The addition of CMC Materials ' leading CMP portfolio will broaden Entegris ' solutions set , creating a comprehensive electronic materials offering . The complementary nature of the companies ' technology platforms will enable Entegris to bring to market a broader array of innovative and high - value solutions , at a faster pace . These enhanced materials and process solutions for the most advanced manufacturing environments will help customers improve productivity , performance and total cost of ownership . Bertrand Loy , President and Chief Executive Officer of Entegris , said , " Acquiring CMC Materials will further differentiate our unit - driven platform and advance our ability to provide a broad range of process solutions for our customers , at a faster time - to - solution . The highly complementary combined portfolio creates the industry's most comprehensive and innovative end - to - end electronic materials offering , as well as significantly expands our growing served market and content per wafer opportunity . In addition , we believe the acquisition will allow us to unlock significant growth through enhanced innovation , scale and execution . We also expect to utilize our significant cash flows to rapidly reduce leverage . We are confident that as a combined organization , we will be poised to deliver significant value for our customers , colleagues and shareholders . " " We are excited to be joining forces with Entegris . The combination provides immediate and substantial value to CMC Materials shareholders and provides meaningful participation in the long - term growth opportunities created by the transaction , " said David Li , President and Chief Executive Officer of CMC Materials . " CMC Materials and Entegris share highly complementary businesses and capabilities grounded in world - class innovation and customer collaboration . As part of Entegris ' leading platform , we will maintain our strong focus on technology innovation and customer partnerships and provide expanded opportunities for our employees . We look forward to what the combined company can accomplish . " Compelling Strategic and Financial Benefits • Highly Complementary Combined CMP Portfolio Significantly Expands Served Markets and Provides Customers with Comprehensive and Innovative Offering : Entegris will offer a compelling value proposition to customers in the industry through a broader portfolio of solutions and enhanced operating capabilities , in the fab environment and across the supply chain . The addition of CMC Materials ' leading CMP slurries and pads will provide Entegris with a full end - to - end suite of CMP solutions , also including liquid filters ( POU and bulk ) , post - CMP cleaning chemistries and brushes , CMP pad conditioners , particle monitors and chemical packaging products , enabling shorter development times for these solutions . The expanded portfolio will increase Entegris ' growing served markets in semiconductor applications to approximately $ 12 billion as well as its content per wafer opportunity , and it will increase Entegris ' unit - driven revenue from 70 % to approximately 80 % . • Accelerates Innovation Capabilities through Greater R & D Scale and Expanded IP Portfolio : As customers transition to more complex device architectures , there will be increased demand for higher - quality , higher - performing technologies , delivered to market faster . Entegris will have greater capability to innovate and meet evolving customer demand through the deployment of proven , industry - leading commercial , operational and R & D capabilities . In addition , Entegris ' deep expertise in purification , contamination control and advanced materials will enhance CMC Materials ' long - term technology