MENLO PARK, CA, November 18, 2002 — Francisco Partners, the world’s largest technology focused buyout firm, and the management team of Ultra Clean Technology Systems and Service, Inc.(UCT) today announced the completion of their acquisition of UCT, a leader in the design and manufacture of gas and liquid delivery systems serving the semiconductor equipment industry, from Mitsubishi Corporation.
“We are very enthusiastic about this transaction and our future prospects,” said Clarence Granger, UCT’s president and chief executive officer under the company’s new ownership. Granger, UCT’s president and COO since 1999, added: “We believe that Francisco Partners will provide us with the resources, strategic insight and flexibility to continue to serve our existing world-class customer base and at the same time grow into a larger player in the capital equipment industry.” UCT will operate as an independent, privately held enterprise with global headquarters in Menlo Park, CA. Granger will remain on UCT’s board of directors along with representatives from Francisco Partners.
The purchase price and terms of the transaction were not disclosed. |
| Founded in 1991, Ultra Clean Technology (UCT) is an internationally recognized leader in the design, engineering, and manufacture of gas and liquid delivery systems for semiconductor process equipment manufacturers and device makers. Headquartered in Menlo Park, CA, UCT has additional design and manufacturing facilities in Austin, TX, and Portland, OR. The company began manufacturing product in 1992, and in 1995 achieved ISO 9001 certification. UCT offers added value by providing original equipment manufacturers with integrated gas and liquid delivery solutions that enhance semiconductor manufacturing capital equipment. For more information about UCT, visit www.uct.com. |
