ATC - ATC STOCK NEWS

MKS Instruments (NASDAQ: MKSI) has received unconditional merger approval from China’s State Administration for Market Regulation for its acquisition of Atotech (NYSE: ATC). The acquisition, valued at approximately $5.1 billion, will close on August 17, 2022, pending a Royal Court of Jersey sanction on August 15, 2022. This merger aims to enhance MKS's offerings in advanced electronics by integrating Atotech’s process chemicals technology. Following the acquisition, Atotech's shares will be de-listed from the NYSE, with trading ceasing on August 16, 2022.

Atotech (NYSE: ATC), a leader in specialty chemicals and advanced electroplating solutions, will announce its Q2 2022 financial results on August 9, 2022, at 6:00 a.m. ET. The company will not hold a conference call due to its ongoing transaction with MKS Instruments. For 2021, Atotech reported revenues of $1.5 billion and serves over 8,000 customers worldwide across various industries, including electronics and automotive.

Atotech (NYSE: ATC) inaugurated a new production facility in Querétaro, Mexico, on July 14, 2022, enhancing its production capacity to 33 tons/day. This site will support growth in the automotive, construction, and heavy machinery industries, responding to rising customer demand. The strategic location near major industrial clusters ensures efficient logistics and service. Atotech emphasizes its commitment to employee safety and comfort with modern facilities. The company aims for sustainable growth in the Americas, leveraging innovative technologies for diverse applications.

Atotech (NYSE: ATC) reported first quarter 2022 revenue of $358 million, showing a 1% increase year-over-year. The company achieved a net income of $48 million, reversing a net loss of $72 million from the same period last year. Adjusted EBITDA reached $112 million, a 2% increase, with a margin of 31%. The Electronics segment saw revenues grow 3%, while General Metal Finishing experienced a 1% decline. Atotech addressed inflationary pressures by implementing price increases and noted minimal direct exposure to geopolitical events affecting palladium sourcing.

Atotech, a leader in specialty chemicals, has partnered with Schweitzer Engineering Laboratories (SEL) to utilize its Uniplate® technology in SEL's new PCB manufacturing facility in Idaho. This 162,000 square-foot facility aims to implement highly automated and environmentally sound manufacturing processes. The collaboration focuses on reducing chemical usage and enhancing supply-chain security, allowing SEL to experiment and innovate in-house. Atotech underscores its investment in sustainable practices, which align with the industry's future requirements.

Atotech (NYSE: ATC) has announced it will release its first quarter earnings on May 11, 2022, at 6:00 a.m. Eastern time. The company, a leader in advanced electroplating solutions with revenues of $1.5 billion in 2021, will not hold a conference call due to its pending transaction with MKS Instruments. Headquartered in Berlin, Atotech employs over 4,000 individuals globally and provides innovative technology applications across various sectors, including consumer electronics and automotive.

Atotech (NYSE: ATC) has filed its 2021 annual report on Form 20-F, revealing key financial metrics. The company achieved record revenues of $1.5 billion, a 21% increase from the previous year, with organic revenue growth of 11%. Atotech reported a net income of $7.5 million, rebounding from a net loss of $289 million in 2020. Adjusted EBITDA reached $458 million, marking a 26% growth. Additionally, year-end net debt leverage decreased to 2.8x. The report reflects positive recovery trends post-COVID-19.

Atotech reported record full-year 2021 revenues of $1.5 billion, a 21% increase year-over-year, with chemistry organic revenue growth of 11%. The company achieved a net income of $7.5 million, recovering from a net loss of $289 million in 2020, which included significant impairment charges. Adjusted EBITDA rose to $458 million, a 26% increase. The company indicated strong demand for its chemistry and equipment solutions, particularly in electronics, despite automotive market slowdowns. The acquisition by MKS Instruments is expected to conclude by September 30, 2022.

Atotech (NYSE: ATC) will announce its fourth quarter and full-year 2021 earnings on April 4, 2022, at 6:00 a.m. Eastern time. The company, a leader in specialty chemicals and advanced electroplating solutions, has opted not to host a conference call due to its pending transaction with MKS Instruments. With annual revenues of $1.2 billion in 2020 and a workforce of 4,000 experts across over 40 countries, Atotech serves a diverse range of markets including consumer electronics, automotive, and heavy machinery.