CCMP Capital has announced the completion of its acquisition of BOC Edwards. This marks BOC Edwards' return to independent status almost 40 years after it was acquired by BOC.
CCMP Capital, through funds managed by CCMP Capital Advisors, LLC and CCMP Capital Asia Limited, completed the deal with The Linde Group, the global gases company, within three months of its signing on 12 March, which was subject to regulatory review and other closing conditions. Linde had previously announced the divestment following its acquisition of The BOC Group in September 2006.
Commenting on the announcement Nigel Hunton (pictured), Chief Executive of BOC Edwards, said: "In the last 40 years our business has grown out of all recognition. We feel that our return to independent status, with a strong partner in CCMP, makes us well placed for success as we transition to our next phase of development."
BOC Edwards is a leading global supplier of equipment and services to the world's most advanced industries, including semiconductor, flat panel display, chemical, metallurgical, analytical instrumentation and R&D. It supplies major customers in Asia, Europe and the Americas through a worldwide manufacturing and sales network. Its turnover in 2006 was over $1bn.
