Quantum Global Technologies (QuantumClean(R)) Completes Acquisition of Chamber Cleaning and Coating Services Group from Applied MaterialsBy Quantumclean, PRNE
Thursday, June 9, 2011
DUBLIN, Pennsylvania, June 11, 2011 -
- Leading high purity outsourced process tool parts cleaning provider
creates the world's largest service provider to the semiconductor and related
Quantum Global Technologies, LLC (QuantumClean(R)), a leading provider of
validated high-purity outsourced process tool parts cleaning and restoration
to the semiconductor industry, today announced that it has completed the
acquisition of the Metron Chamber Performance Services (Metron CPS) business
from Applied Materials, Inc. (Nasdaq: AMAT). Applied Materials, headquartered
in Santa Clara CA, is a world leader in semiconductor and solar wafer
fabrication equipment. Metron CPS was part of the Applied Materials Global
Services Group (AGS) and offers semiconductor process kit precision cleaning,
coating and associated analytical testing services.
QuantumClean acquired Metron CPS in the continuing execution of its
strategy to expand its high-value service offerings to all major hubs of
semiconductor fabrication and related equipment and consumables manufacturing
worldwide. This acquisition creates the world's largest and most capable
outsourced process tool parts cleaning, refurbishing and coating service
provider to the semiconductor, solar, MBE, aerospace, military, and other
industries requiring these services.
"The acquisition positions QuantumClean as the only provider of
outsourced process tool parts cleaning, coating and restoration services in
our industry with comprehensive worldwide coverage", according to Scott
Nicholas, CEO & President of QuantumClean. "The company now boasts regional,
full-capability service centers in every major U.S. semiconductor market
(including Colorado Springs, CO, Hillsboro, OR, Irving, TX, Phoenix, AZ, San
Jose and Fremont, CA, Scarborough, ME, and Washougal, WA), Asia (Japan,
Korea, Singapore and Taiwan), Europe (Scotland) and the Middle East
QuantumClean has also acquired from Applied two full-capability
solutions-based analytical laboratories, located in Fremont, CA and Portland,
OR, and additional R&D resources relating to cleaning, coating and
refurbishment of process tool parts.
QuantumClean's fab, OEM, and OPM customers will benefit immediately from
the acquisition in five distinct areas: unparalleled expertise in cleaning,
coating and refurbishment knowhow, consistency of service worldwide, full
service capability facilities, expanded analytical laboratory services, and
enhanced R&D capability.
Global semiconductor manufacturers with plants in multiple locations will
no longer have to contract with multiple outsourced parts cleaning providers
with varying service capabilities and quality levels, or ship parts to
distant service centers to obtain consistency of service or specific
services. Access to regional service centers in every major semiconductor
market reduces turnaround time, shrinks tool inventory, mitigates the risk of
damaged parts, and creates a high degree of redundancy of service capability
(i.e. for disaster recovery planning).
"Applied Materials is now a significant and strategic customer of our
business and we look forward to supporting Applied's growing needs across the
globe," says Nicholas.
QuantumClean also acquired Applied Materials' ChemTrace(R) analytical
laboratory business in this transaction, which supports the Metron CPS parts
cleaning business, original equipment and tool manufacturers, IC fabricators,
specialty chemical distributors and manufacturers, silicon wafer
manufacturers, solar fabs, packagers of high-purity products, universities,
and water treatment plants. "The ChemTrace(R) analytical laboratory business
is an exciting addition to QuantumClean's core and a business which we intend
to actively promote. This business is accretive to our in-house laboratory
capability which is used to provide analytical verification of the
cleanliness of our finished parts as well as for quality control purposes,"
comments David Zuck, QuantumClean's COO.
QuantumClean partnered with Argosy Private Equity, Spring Capital and
NewSpring Capital to finance the acquisition with a combination of equity and
mezzanine debt. Argosy and Spring led the equity financing, while NewSpring
led the mezzanine debt financing. All three institutional investors,
collectively with $1.3 billion in assets under management, are based near
QuantumClean's headquarters in suburban Philadelphia and invest in growing
manufacturing and business service companies. For more information, visit the
institutional investors' websites: www.ArgosyCapital.com,
www.SpringCap.com, www.NewSpringCapital.com. Bank financing was
provided by Fox Chase Bank (www.foxchasebank.com) while Bryant Park
Capital acted as QuantumClean's exclusive financial advisor on this
About Quantum Global Technologies, LLC ("QuantumClean(R)") QuantumClean
is a leading provider of high-purity outsourced process tool parts cleaning
and restoration services, tool part life extension and process tool part
optimization solutions for semiconductor fabricators. The company operates
technologically innovative cleaning centers which provide process improvement
through consistently cleaner parts(R) which greatly reduces its customers'
total cost-of-ownership. Founded in 2000, QuantumClean is headquartered in
suburban Philadelphia, with Advanced Technology Cleaning Centers(R) in every
major semiconductor market across the U.S., and now Asia (Japan, Korea,
Singapore, and Taiwan), Europe (Scotland), and the Middle East (Israel).
Contact: Clara Lummus (QuantumClean) +1-215-249-1717 email@example.com
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