Arnhem, the Netherlands, October 29, 2002 – Akzo Nobel’s Polymer Chemicals High Purity Metalorganics (HPMO) unit has strengthened its position in the compound semiconductor industry with the acquisition of Mochem GmbH. The HPMO unit is active in the field of metalorganics for semiconductors in opto-electronics. Mochem is a technology-driven start-up company in the same field with complementary products and know-how.
“This small acquisition is in line with Akzo Nobel’s strategy to focus on chosen segments of the chemical industry based upon superior technology and grow them through selected acquisitions,” said Dag Strömqvist, Member of Akzo Nobel’s Board of Management responsible for Chemicals.
“This move is consistent with our strategy to expand and develop products and services for the compound semiconductor industry,” added Bob Viehweger, Vice President Research and Business Development within Akzo Nobel’s business unit Polymer Chemicals. “High Purity Metalorganics is one of our global businesses with high growth potential. This deal puts together an excellent combination of types of products, manufacturing and engineering know-how with sophisticated semiconductor know-how, global sales and logistics reach. It is another step in our long-term plan to support the development of compound semiconductors to the fullest potential.”
Operations will continue at both Houston, Texas, United States, and Marburg, Germany. The entire Mochem team will be part of the combined company.
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