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MicroChem Corp Acquired by Nippon Kayaku Co., Ltd.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

MicroChem Corp (MCC) of Newton, MA, a microelectronic materials manufacturer and distributor that focuses on value-added products for niche and emerging applications including MEMS, Advanced IC packaging, Microfluidics and Displays has announced that it has been acquired by its long term sales and development partner Nippon Kayaku Co., Ltd. (NKC), of Tokyo, Japan a $1 billion diversified chemical company and leading global supplier of epoxy resins for microelectronic applications.

The acquisition of MicroChem, a privately held company enables Nippon Kayaku to leverage its leading market position in epoxy materials with MicroChem’s strong position as a value-added product manufacturer in emerging technology markets particularly with its epoxy based photoimageable resist products. The companies have been working together cooperatively since 2002 on a number of product development programs utilizing the natural synergies that exist between Nippon Kayaku’s resin technology capability and knowledge with MicroChem’s material engineering and formulation capability.

In 2003, they also formed a joint venture, Kayaku MicroChem Corporation (KMCC), a sales and market development company based in Tokyo, which markets MicroChem’s resist products in Japan along with their jointly developed epoxy resist products in Japan and Asia

MicroChem will become part of Nippon Kayaku’s Functional Chemicals Group and will be operated as a wholly owned subsidiary. The Company has named Jeremiah Cole, formerly MicroChem’s CFO & COO as the Company’s President and CEO; Scott Heidemann, as Executive Vice President, Sales and Marketing and Dr. George Cernigliaro as Vice President and Chief Technical Officer. Dr. Donald Johnson, MicroChem’s founder and former President, will assume a Senior Technical role and will work on product and market development programs for emerging products and markets.

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