Entegris Divests Industrial Division for Up to $285 Million
Company Announcements

Entegris Divests Industrial Division for Up to $285 Million

Entegris (ENTG) has issued an announcement.

Entegris, Inc. has successfully sold its Pipeline and Industrial Materials business for up to $285 million to an SCF Partners affiliate. The deal includes $260 million in cash and a potential $25 million earnout based on future financial performance. Despite this progress, the company cautions investors about forward-looking statements, highlighting the uncertainties and risks that could affect their operations and financial outcomes, such as global economic conditions, supply chain issues, and geopolitical tensions.

See more data about ENTG stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskEntegris Board Member Jim Anderson Resigns for CEO Role
TheFlyUber, Birkenstock among additions to Deutsche Bank ‘Fresh Money List’ for Q3
TheFlyEntegris funding helps capitalize on geopolitical trend, says Deutsche Bank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!