Air Products have sold their high purity chemicals business to KMG Chemicals. Photo credit: Air Products.

Air Products, a leading supplier of gases, chemicals and equipment for the global electronics industry, has completed the sale of its high purity chemicals (HPPC) business to KMG Chemicals for $75 million.

The sale of the HPPC business, which generated $87 million in revenues in fiscal year 2007, includes production facilities located in Pueblo, Colorado, and Milan, Italy.  About 160 employees directly associated with this business will continue with KMG Chemicals.

Mike Hilton, senior vice president and general manager, Electronics and Performance Materials at Air Products, said: “We are pleased to complete this sale to KMG Chemicals. We’re aligning our portfolio to better focus on the products where we can provide the most value to our customers.”

High-purity process chemicals are basic and custom-performance blends of acids and solvents used in the manufacture of semiconductors. Customers use the chemicals in their manufacturing process to etch and clean the wafer at each production layer. These chemicals remove unwanted residue at very specific rates. The typical application is in the form of chemical baths or spray on devices.  For more information on KMG Chemicals, visit www.kmgchemicals.com.

Air Products serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. For more information, visit www.airproducts.com.