March 5, 2001–Chaska, Minnesota–Entegris, Inc. has completed the acquisition of Nisso Engineering Co. Ltd.’s (NSE) fluid handling component product line for $10.375 million in cash. NSE is a leading semiconductor OEM and fluid handling component manufacturer located in Tokyo, Japan.
“With the acquisition of the Nisso fluid handling product line, Entegris continues to expand its portfolio of high quality materials integrity management solutions,” says Jim Dauwalter, Entegris’ chief executive officer. “It fits well with our long-term strategy for growth in Japan and Southeast Asia. Entegris not only gains a well-established Japanese product offering, but increased Japanese manufacturing capabilities as well.”
Under the terms of the agreement, Entegris will purchase the complete interest of NSE’s component product lines including pumps, valves, fittings, distribution rights of level sensors and other related intellectual property rights. In addition, Entegris will also purchase MI Techno, NSE’s pump manufacturing company. Within 1 year, all NSE product manufacturing components will be transferred to MI Techno.
“Entegris is committed to delivering innovative fluid handling solutions to our growing list of customers in Japan,” says Frank Sidell, president of Entegris’ fluid handling group. “By establishing a direct, local manufacturing presence for fluid handling products, we are making a strong statement about our commitment to our Japanese customers and to leading prospects in the region.”