Wachtell, Lipton, Rosen & Katz represented CMC Materials in the transaction.
CMC Materials, Inc. (Nasdaq: CCMP) has entered into an agreement to acquire International Test Solutions, Inc. (ITS) for approximately $125 million in cash.
International Test Solutions is a leader in the design and production of innovative, high-performance consumables used to optimize critical semiconductor testing processes. Headquartered in Reno, Nevada and supplying to semiconductor manufacturers globally, ITS will become part of the company’s Electronic Materials business segment.
CMC Materials, Inc., headquartered in Aurora, Illinois, is a leading global supplier of consumable materials, primarily to semiconductor manufacturers. The company’s products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by its customers. CMC Materials, Inc. is also a leading provider of performance materials to pipeline operators.
The acquisition of ITS expands CMC Materials’ portfolio of critical, enabling solutions that help solve its customers’ most demanding challenges. With ITS’ superior combination of technical and applications expertise, talented operations team, and global sales and distribution network, CMC Materials is enhancing its leadership in partnering with device manufacturers and foundries to design and produce consumable, application-specific materials used to maximize yield and throughput in the semiconductor manufacturing process.
Wachtell, Lipton, Rosen & Katz represented CMC Materials with partners Ian Boczko, Edward Herlihy (Picture), Joshua Holmes, David Kahan, Gregory Pessin and Brandon Price.
Involved fees earner: Ian Boczko – Wachtell, Lipton, Rosen & Katz; Edward Herlihy – Wachtell, Lipton, Rosen & Katz; Joshua Holmes – Wachtell, Lipton, Rosen & Katz; David Kahan – Wachtell, Lipton, Rosen & Katz; Gregory Pessin – Wachtell, Lipton, Rosen & Katz; Brandon Price – Wachtell, Lipton, Rosen & Katz;
Law Firms: Wachtell, Lipton, Rosen & Katz;
Clients: CMC Materials;