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UCT Completes Acquisition of Ham-Let (Israel-Canada) Ltd. prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article Share this article HAYWARD, Calif., Dec. 16, 2020 /PRNewswire/ Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced that it has entered into a definitive agreement to acquire Ham-Let (Israel-Canada) Ltd. ( Ham-Let ), a public company listed on the Tel Aviv stock exchange, for approximately $348 million, which includes $287 million of equity value plus $61 million of net debt. Ham-Let is a global leader in the development, manufacturing and distribution of Ultra-High Purity and industrial flow control systems – valves, fittings, hoses and connectors largely used for the manufacturing of today s most complex semiconductor devices. Today s acquisition is another meaningful step in the execution of our long-term strategy to grow and diversify our business by adding complementary, high value, high margin product offerings to our growing portfolio of capabilities, said Jim Scholhamer, CEO. Upon completion of this acquisition, UCT will be a ....