MacDermid Alpha Acquires H. K. Wentworth Group
WATERBURY, CT -- MacDermid Alpha Electronics has acquired H.K. Wentworth Group for about $60 million.
The deal expands MacDermid Alpha's product line into coatings and cleaning materials for printed circuit boards. H.K. Wentworth owns the Electrolube and AF brands.
"We are pleased to announce our acquisition of HKW, a business with great technology, history and promise," said Benjamin Gliklich, president and chief executive, Element Solutions, the parent company of MacDermid Alpha.
"Their Electrolube product line is a direct and attractive adjacency to our electronics portfolio offering high-quality solutions that meet the increasingly important and rigorous requirements to protect electronics hardware in demanding applications. We believe their conformal coatings, thermal interface materials and other encapsulation products are purpose-built for the needs of next generation mobile and automotive electronics. Our global scale and relevant customer intimacy should allow us to grow this business substantially in the near-term. I am thrilled to welcome the HKW team to the Element Solutions family."
“We are very excited to announce this acquisition. H. K. Wentworth Group has a long history of providing innovative and high-quality materials used in the electronics industry,” said Joe D’Ambrisi, executive vice president and head of Electronics, MacDermid Alpha Electronics Solutions. "We believe that H. K. Wentworth Group’s product lines, customer relationships, and resources will reinforce our position as a leading supplier to the industries we serve, and will allow us to more efficiently deliver a wider range of complementary, enabling solutions to our customers. With this acquisition, MacDermid Alpha will continue to be well-situated to capitalize on the many emerging trends in the electronics industry. We view this important acquisition as an excellent step to position the business for continued growth as we work with customers to solve their assembly challenges.”
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