Metron Acquires Cleanroom Consumable Business from Prudential Overall Supply; Acquisition Boosts Metron’s Fab Solutions Offering
Categories: Cleanroom EquipmentMetron (NASDAQ:MTCH), the Outsource Solutions Company, today announced that it has acquired the assets of the Cleanroom Consumables business from Prudential Cleanroom Services, a business unit of Prudential Overall Supply, a world leader in cleanroom garment and laundry service systems. Metron took ownership of these assets effective June 13, 2003. Metron expects to pay for the acquisition via seller financing. Further terms of the agreement were not released.
Revenues from the Cleanroom Consumables unit of Prudential Overall Supply for the past twelve months were approximately $8.0 million. Prudential is a privately held company headquartered in Irvine, CA. Metron will employ 16 employees from Prudential.
With locations in the U.S., Europe, Asia, and Japan, Metron will be able to provide global customers with a single source for a full portfolio of cleanroom consumables. Metron represents cleanroom consumables to the worldwide semiconductor market as part of its Fab Solutions portfolio of products and services. Metron Fab Solutions target the critical non-core areas of the fab and include: Cleanroom Integrated Solutions, Field Service, Gas & Fluid Handling, Parts Management, Repair & Refurbishment, and Warehousing & Logistics.
In addition to the acquisition, Metron and Prudential have agreed to partner to offer cleanroom garments and full service laundry as an integrated solution to customers in the United States.
“We are pleased to expand our cleanroom consumables offering through this acquisition and to have the opportunity to partner with Prudential, a leader in cleanroom garment management,” said Dennis Riccio, president and COO of Metron. “This agreement is another important step in the formulation of our Fab Solutions business model. It allows us to leverage products and services across the U.S. and into global markets utilizing Metron’s worldwide Fab Solutions infrastructure.”
About Metron
Metron (NASDAQ:MTCH), the Outsource Solutions Company, is a leading global provider of marketing, sales, service and support solutions to semiconductor materials and equipment suppliers and semiconductor manufacturers. Metron provides outsource solutions that address the critical non-core area of the fab and include products and services such as materials management solutions, cleanroom services, specialty and legacy equipment, and facility maintenance. Metron outsource solutions enable customers to increase fab productivity and focus on their core competencies, such as product development, manufacturing and marketing. By partnering with Metron, suppliers can focus on product development and other core competencies while reducing their time to market using Metron’s global infrastructure. Metron is headquartered in San Jose, California, and is on the web at http://www.metrontech.com
About Prudential
Prudential Cleanroom Services is a division of Prudential Overall Supply, established in 1932. Since 1960, Prudential Cleanroom Services is recognized as a world leader in cleanroom garment laundry processing with a network of ISO 9002 certified service facilities throughout the United States, in Mexico and Malaysia. Prudential Overall Supply provides image apparel and facility image and safety programs to business including work uniforms, casual and career apparel, entry and logo mats, paper products and other ancillary products and services. Prudential has its headquarters in Irvine, CA and is on the web at http://www.prudentialcleanroomservices.com
Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause the results of Metron Technology to differ materially from those indicated by these forward-looking statements, including, among others, risks detailed from time to time in the Company’s SEC reports, including its Annual Report on Form 10-K for the year ended May 31, 2002 and its Quarterly Report on Form 10-Q for the quarter ended February 28, 2003. Metron Technology does not undertake any obligation to update forward-looking statements.