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Air Products buys semicon supplier Poly-Flow

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CIOL Bureau
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CALIFORNIA, USA: Industrial gas supplier Air Products & Chemicals said it bought Poly-Flow Engineering LLC, a maker of equipment for the semiconductor industry, for an undisclosed sum to bolster its electronics market business.

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Air Products, which ended its year-long battle for smaller rival Airgas Inc in February, said in a statement the deal should immediately add to its bottom line.

Albuquerque, New Mexico-based Poly-Flow makes equipment focused on advanced chemical delivery and precision cleaning for semiconductor manufacturers. It also offers equipment for the medical, optical fiber and solar industries.

Air Products' electronics and performance materials segment provides the electronics industry with specialty gases such as nitrogen trifluoride, silane, arsine, phosphine, white ammonia and others for making silicon and compound semiconductors, thin film transistor liquid crystal displays, and photovoltaic (PV) devices.

Air Products shares fell 2 percent to $91.25 on Wednesday afternoon on the New York Stock Exchange.

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