Infineum acquires part of Entegris business

Recently, Infineum and Entegris announced that they have reached a definitive agreement. Infineum will acquire Entegris' pipeline and industrial materials business, including Entegris' specialty chemicals and engineered materials divisions, as well as various drag reduction products for oil pipeline operations. Drug business, etc. The transaction is expected to close in the fourth quarter of 2022, subject to required regulatory approvals and other customary closing conditions.

Infineum CEO Trevor Russell said: "This acquisition fits perfectly with Infineum's business strategy to strengthen Infineum's core capabilities and is an important step in Infineum's transformation into a sustainable, world-class specialty chemicals company."

Shee Young Kim, Infineum's Director of Global Business Growth, said: "Frag reducers are an exciting global growth segment that will help expand Infineum's specialty chemicals portfolio and deliver long-term value to our shareholders. .Infineum's complementary technology and supply chain capabilities, together with our synergies and professionalism, can ensure a higher level of innovation and performance reliability for customers, fulfilling the commitment to the Infineum brand and support."