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ICI Acquires Advanced Applied Adhesives
Rancho Dominguez, CA — ICI has acquired Advanced Applied Adhesives (AAA), an electronic materials business based in San Diego, California, for addition to the Electronic Materials (EM) Group. Terms of the transaction were not disclosed.

AAA, in conjunction with its sister company Designer Molecules Inc. (DMI), has developed a wide range of novel patented technologies for applications in markets served by EM and has other promising technologies for these markets under development. Potential applications of these new technologies include semiconductor die attach adhesives for power applications, paste and wafer backside coating materials for die stacking applications, and capillary flow underfill encapsulants.

AAA will be integrated into EM's Ablestik unit, but it will develop technologies for all businesses in the EM Group. A total of 20 employees will join Ablestik when the transaction closes. Ablestik's Michael Matthews, Manager, New Business Development, will lead the integration project.

Although DMI is not being acquired, a licensing arrangement has been negotiated with DMI which will give EM exclusive rights to existing DMI technology in defined fields of electronic materials and non-exclusive rights to new technology developed by DMI in the same fields.

For more information, contact: Ablestik Laboratories, 20021 Susana Road, Rancho Dominguez, CA 90221 310-764-4600 fax: 310-764-2545 Web: http://www.ablestik.com

 

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