DCF Advises on the Acquisition of Advanced Components Business
FM Industries has acquired the advanced components business of Praxair, Inc.
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as the exclusive financial advisor to FM Industries, Inc. (FMI), a wholly owned subsidiary of NGK Insulators (NGK) of Japan, in its acquisition of the advanced components business of Praxair Inc., based in Phoenix, Arizona. Praxair’s advanced components business designs, engineers, manufactures, and supplies electrostatic chucks (ESCs) and critical chamber components for semiconductor processing equipment.
The DCF team advised and assisted FMI in its execution of the transaction from value and transaction strategy discussions through FMI’s commercial due diligence process and purchase agreement and deal negotiations. This transaction further highlights DCF’s experience in the advanced components industry and represents the third completed transaction for which DCF has advised FMI.
About FM Industries and NGK Insulators
FM Industries, Inc., headquartered in Fremont, California, is a manufacturer of build-to-print, precision-machined components and electro-mechanical assemblies. FMI offers a broad spectrum of products and services that are used primarily by semiconductor equipment manufacturers and the medical industry.
NGK Insulators Ltd., headquartered in Nagoya, Japan, engages in the manufacture and sale of electric power related equipment and industrial ceramic and beryllium copper products in Japan, North America, and Europe.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide. Praxair produces, sells and distributes atmospheric and process gases, and high-performance surface coatings.