The purchase of a 55% partnership interest in Baba Fine Chemicals, a fine specialty chemicals company focused on custom synthesis and intermediate manufacturing, has been approved by the board of Ami Organics. With this acquisition, AMI Organics officially enters the competitive semiconductor market.
The purchase is consistent with AMI Organics’ plan to grow its specialty chemicals division and concentrate on manufacturing niche goods using cutting-edge technology that have little competition and high entry barriers. Two electrolyte additives used as the solid electrolyte interface in lithium-ion batteries have already been developed by AMI Organics and are awaiting commercial orders from its clients. Through this agreement, AMI will have access to Baba Fine Chemicals’ complementary products, which are also targeted at the semiconductor industry.