Versum Materials to Acquire Dynaloy, a Leading Cleans Solutions Supplier for Semiconductor Advanced Packaging

• Advances Surface Prep and Clean (SP&C) materials position for
  semiconductor advanced packaging
• Expands Versum’s technology portfolio and technical capabilities
• Aligns with strategy for value-enhancing inorganic bolt-on
  investments

TEMPE, Ariz.–(BUSINESS WIRE)–$emn #acquisition–Versum Materials, Inc. (NYSE: VSM), a leading global materials supplier
to the semiconductor industry, announced today that it has agreed to
acquire Dynaloy, LLC from Eastman Chemical Company (NYSE: EMN) for
approximately $13 million. Dynaloy is a leading supplier of formulated
cleaning solutions for the semiconductor and specialty manufacturing
industries.

“We are excited for the Dynaloy team to join Versum,” said Edward
Shober, Senior Vice President, Materials. “With a strong patented
product portfolio and customer relationships, the acquisition of Dynaloy
exemplifies Versum’s strategy to enhance its SP&C technology
capabilities and product offerings to the growing advanced packaging
materials market in the semiconductor industry.”

Versum Materials’ SP&C technologies are used to selectively etch and
remove residue and contamination during multiple steps of the integrated
circuit fabrication process. After closing, Dynaloy’s business will be
integrated into Versum’s portfolio of SP&C formulated product offerings
and will strengthen and accelerate its growth in Advanced Packaging, one
of the fastest growth segments in the cleans market.

“Dynaloy’s business with its technology, products, people, skills,
knowledge, and expertise complements Versum’s SP&C business,” said Dr.
Tianniu Rick Chen, General Manager for Materials’ Surface Prep and
Clean. “Together, we look forward to continuously driving value for our
customers through innovative advanced cleaning offerings.”

The transaction is expected to close during the fiscal fourth quarter
2017. It will be funded from cash on hand and is expected to be
accretive to earnings in the first full year of operation.

About Versum Materials

Versum Materials, Inc. (NYSE: VSM) is a leading electronic materials
company providing high-purity chemicals and gases, delivery systems,
services and materials expertise to meet the evolving needs of the
global semiconductor and display industries. Derived from the Latin word
for “toward,” the name “Versum” communicates the company’s deep
commitment to helping customers move toward the future by collaborating,
innovating and creating cutting-edge solutions.

A global leader in technology, quality, safety and reliability, Versum
Materials is one of the world’s leading suppliers of next generation CMP
slurries, ultra-thin dielectric and metal film precursors, formulated
cleans and etching products, and delivery equipment that has
revolutionized the semiconductor industry. Versum Materials, which began
trading October 3, 2016 on the NYSE as an independent company, has
annual sales of approximately $1 billion, 1,900 employees and 10 major
facilities in Asia and North America. It is headquartered in Tempe,
Arizona. Prior to its separation on October 1, 2016, Versum Materials
had operated for more than three decades as a division of Air Products
and Chemicals, Inc. (NYSE: APD).

For additional information, please visit http://www.versummaterials.com.

Investor Inquiries:
Nahla A. Azmy, 480-482-4334
[email protected]

Media Inquiries:
Tiffany Zinn, 480-282-6475
[email protected]

Forward-Looking Information:

This press release contains, and management may make, certain
“forward-looking statements” within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements may be
identified by references to future periods, and include statements about
the anticipated closing date, and the impact of this acquisition,
including our expectations as to earnings per share accretion and future
profitability. These forward-looking statements are based on
management’s reasonable expectations and assumptions as of the date the
statements were made. Actual results and the outcomes of future events
may differ materially from those expressed or implied in the
forward-looking statements because of a number of risks and
uncertainties, including, without limitation, the risk factors described
in our filings with the Securities and Exchange Commission, including in
our Annual Report on Form 10-K for the fiscal year ended September 30,
2016, and in our subsequent periodic filings.

Contacts

Versum Materials, Inc.
Investor Inquiries:
Nahla A.
Azmy, 480-482-4334
[email protected]
or
Media
Inquiries:
Tiffany Zinn, 480-282-6475
[email protected]