AZ Electronic Materials

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AZ Electronic Materials plc
Type Public (LSEAZEM)
Industry Chemicals
Founded 1950s
Headquarters Luxembourg
Key people John Whybrow, Chairman
Geoff Wild, CEO
Revenue US$730.3 million (2013)[1]
Operating income US$120.8 million (2013)[1]
Net income US$57.3 million (2013)[1]
Website www.azem.com

AZ Electronic Materials plc, is a specialty chemicals company. On 2 May 2014, Merck KGaA announced the successful acquisition of AZ Electronic Materials.

History[edit]

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[edit]

The Company produces and sells specialty chemical materials used in the manufacture of integrated circuits and flat panel displays.[2]

References[edit]