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BOC Edwards targets solar cell market
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With the acquisition of BOC Edwards completed by CCMP Capital, the now
independent group expects to grow revenues via a strategy of new
product introductions and targeting emerging markets such as solar cell
manufacturing.
“We believe that as an independent company BOC Edwards is ideally
positioned to drive further growth in core existing markets such as
semiconductors with an exciting range of new products coming through,
whilst actively developing in new emerging markets such as solar where
we will focus considerable additional resources,” stated Stephen Welton
of CCMP Capital Advisors.
BOC
Edwards had over $1 billion in sales in 2006 and has become an
independent company for the first time in nearly 40 years after being
acquired by the Linde Group, but wanted to concentrate on its gases
businesses. According to VLSI Research, BOC Edwards is ranked number 2
in its critical sub-systems category with sales of $600 million in 2006.
