Mergers & Acquisition

MATHESON Acquires Majority Share of RASIRC Corporation

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Matheson

166 Keystone Dr., Montgomeryville, PA, 18936, USA

Original Press Release

MATHESON Acquires Majority Share of RASIRC Corporation

Press release date: August 28, 2012

Basking Ridge, NJ, USA and RASIRC, San Diego - MATHESON and RASIRC announced that MATHESON has acquired a majority share of RASRIC Corporation, which develops products that purify and deliver ultra-pure liquids and gases with a primary focus on water vapor.

William J. Kroll, Chairman & CEO of MATHESON stated, "This acquisition is consistent with our overall electronics & solar strategy to enhance our suite of value-added purification technologies and provide for continued innovation in our related product lines. RASIRC, using membrane technology, offers significant synergy not only to our existing line of purification products, but also to our high purity material business; this is because more liquid chemicals and precursors are being used in advanced technology nodes of semiconductor manufacturing."

"RASIRC will continue to develop new and innovative products focused on in-situ chemical generation of ultra-high purity vapors from liquid chemical sources," said Jeffrey Spiegelman, RASIRC founder and president. "Having global infrastructure, logistics, and R&D, the Matheson presence will assure customers that we have the size and stability to support them through a complete product adoption cycle - from bench top testing, to pilot line, and high volume."

About RASIRC
RASIRC products purify and deliver ultra pure liquids and gases. RASIRC technology is the first to generate ultra high purity (UHP) steam from de-ionized water. It reduces cost, increases yield, and improves safety. RASIRC dryers, humidifiers, and steam generators are of critical importance for many applications in the semiconductor, pharmaceutical, medical, biological, fuel cell, and power industries. Call 858-259-1220, e-mail info@rasirc.com, or visit www.rasirc.com.

MATHESON is a single source for industrial, medical, specialty and electronic gases, gas handling equipment, high performance purification systems, engineering and gas management services, and on-site gas generation with a mission to deliver innovative solutions for global customer requirements. MATHESON is the largest subsidiary of the Taiyo Nippon Sanso Corporation Group, one of the top five suppliers of industrial, specialty, and electronics gases in the world.

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