) recently announced the acquisition of Cambridge, UK-based
Cambridge Chemical Company, Ltd. Cambridge Chemical is a laser
technology player in the production of high purity metal organic
The acquisition broadens Albemarle's foothold in the
electronic materials market. While Albemarle's shares fell
roughly 1.3% following the news release due to broader market
decline, the deal holds significant potential for the
The terms and conditions of the deal were not revealed.
Albemarle will keep producing specialty products at Cambridge
Chemical's existing facilities in the UK.
Albemarle's products in the electronic materials market, which
include the light emitting diodes (LED), semiconductor, organic
light emitting diodes (OLEDs), will benefit from Cambridge
Chemical's technology. The acquisition will also help Albemarle
with a number of R&D and distribution synergies so as to
provide best-in-class products and services.
The acquisition will enable Albemarle to add Cambridge
Chemical's DEOX technology to its existing PureGrowth portfolio
to meet customer requirements in the fast growing
electronics market with a broad spectrum of solutions. Along with
this, it will also add Cambridge Chemical's wide distribution
channels and expertise to Albemarle's list of existing assets,
thus offering greater value to the customers.
Albemarle's electronic materials business is built upon
extensive expertise in organometallic chemistry, effectiveness in
backward integration of key raw materials and holds good
reputation for quality. This business unit was launched by
Albemarle in Jan 2012. Since then, Albemarle has launched four
products that are used in metal organic chemical vapor deposition
(MOCVD). The products were launched within the company's
Albemarle is a leading maker of specialty chemicals for
consumer electronics, petroleum refining, utilities, packaging,
construction, automotive/transportation, pharmaceuticals, crop
protection, food-safety and custom chemistry services.
Albemarle retains a Zacks Rank #4 (Sell).
Other companies in the chemical industry having favorable
Zacks Rank are
Air Products & Chemicals Inc.
). All of them retain a Zacks Rank #2 (Buy).
ALBEMARLE CORP (ALB): Free Stock Analysis
AIR PRODS & CHE (APD): Free Stock Analysis
BASF SE (BASFY): Get Free Report
FMC CORP (FMC): Free Stock Analysis Report
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