Summary
- Entegris has acquired Hangzhou Anow Microfiltration for $73 million.
- Anow has developed a range of filtration solutions for various technology-intensive manufacturing and process industry applications.
- With the acquisition, Entegris is adding to its Asia footprint as it seeks to position itself to take advantage of growing market demand in high tech industries in the region.
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Quick Take
Entegris (ENTG) announced that it has acquired Hangzhou Anow Microfiltration for $73 million in an all-cash transaction.
Anow has developed liquid filtration and polymeric membrane technologies for a variety of applications.
With the deal, ENTG is expanding its footprint in Asia to serve the growing microelectronics industries in that region.
