Dras

Entegris Completes the Sale of the Pipeline and Industrial Materials (PIM) Business to SCF Partners

Retrieved on: 
Monday, March 4, 2024

The PIM business was acquired by Entegris with the acquisition of CMC Materials in July 2022, and sells drag reducing agents (DRAs) and a range of valve maintenance products and services for pipeline operations.

Key Points: 
  • The PIM business was acquired by Entegris with the acquisition of CMC Materials in July 2022, and sells drag reducing agents (DRAs) and a range of valve maintenance products and services for pipeline operations.
  • The proceeds of this transaction will be used for further debt paydown.
  • As a result of the divestiture, the Company updated its financial guidance for the first quarter of 2024.
  • The Company also expects adjusted EBITDA of approximately 27% to 28% of sales.

Infineum to Acquire Entegris’ Pipeline and Industrial Materials Business as Part of its Transformational Growth Strategy

Retrieved on: 
Tuesday, October 11, 2022

Infineum and Entegris, Inc. (NASDAQ: ENTG) today announced that the companies have entered into a definitive agreement for Infineum to acquire Entegris Pipeline and Industrial Materials business (PIM).

Key Points: 
  • Infineum and Entegris, Inc. (NASDAQ: ENTG) today announced that the companies have entered into a definitive agreement for Infineum to acquire Entegris Pipeline and Industrial Materials business (PIM).
  • View the full release here: https://www.businesswire.com/news/home/20221011005439/en/
    We are excited to announce the agreement to acquire Entegris Pipeline and Industrial Materials business.
  • We look forward to welcoming our new colleagues to the Infineum team, said Trevor Russell, CEO.
  • Entegris is a world-class supplier of advanced materials and process solutions for the semiconductor and other high-tech industries.