Kayaku Advanced Materials Announces Agreement to Divest PriElex® Functional Printed Electronic Materials to Heraeus
KAM to expand and strengthen its supplier position in core markets served.
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Kayaku Advanced Materials, Inc.
January 31, 2024, 10:00am EST
WESTBOROUGH, MASSACHUSETTS, January 31, 2024, — Kayaku Advanced Materials, Inc. (KAM), a leading specialty materials provider bringing innovative materials to the microelectronics market announced today it has entered into a definitive agreement with Heraeus Electronics to divest the PriElex® Functional Printed Electronic Materials business line.
Headquartered in Westborough, Massachusetts, Kayaku Advanced Materials intends on using the net proceeds from the divested PriElex® business line to additionally fund previously announced expansion plans which will further strengthen its supplier position in core markets served.
“The sale of the PriElex® line of business to Heraeus provides KAM the opportunity for continued expansion, growth and investment in our core business platforms.” commented Jay Cole, President and Chief Executive Officer of Kayaku Advanced Materials, Inc.
Rubin and Rudman LLP acted as legal advisor to Kayaku Advanced Materials, Inc.
About Kayaku Advanced Materials
Kayaku Advanced Materials, Inc., composed of distinct product lines Structsure® Specialty Chemicals including photoresists, optical dyes and ancillary materials for MEMS and Microelectronics and the Paratronix® brand of Conformal Coating Services & Equipment, delivers speed, responsiveness, and solutions-orientation of an entrepreneurial organization. Backed by the strength and resources of our parent company, Nippon Kayaku Co., LTD, our innovative material platforms, multi-industry experience, applications expertise, interdisciplinary perspective and credentials, and culture of collaboration make Kayaku Advanced Materials a preferred partner to technology startups and Fortune 500 companies alike.
Contact: Robert Kotrick
Kayaku Advanced Materials
SOURCE Kayaku Advanced Materials