Air Products Acquires Poly-Flow Engineering; Terms Undisclosed

Air Products APD today announced it has acquired the business of Poly-Flow Engineering LLC, a manufacturer of equipment for the semiconductor industry based in Albuquerque, N.M. Terms of the deal with PFE and its owner Ktech Corporation were not disclosed. PFE, which has 100 employees, manufactures a line of equipment focused on advanced chemical delivery and precision cleaning for leading semiconductor manufacturers. It also offers equipment for the medical, optical fiber and solar industries. "The acquisition of Poly-Flow Engineering is a good fit with our existing equipment business and should be immediately accretive to our bottom line," said Jae Woon You, general manager, Electronics Equipment Solutions EES for Air Products. "The combination of the talented and experienced Poly-Flow team and Air Products' global capabilities and services infrastructure will bring long-term benefits to our customers."