Pure Wafer, a Portfolio Company of Edgewater Capital, Acquires Noel Technologies

SAN JOSE, CA – November 16, 2021 – Pure Wafer, a portfolio company of Edgewater Capital Partners and a leading supplier of silicon wafer solutions to the $500B semiconductor industry, announced today that it has acquired Noel Technologies. Noel Technologies is a Silicon Valley based process development and fabrication services provider that supports the world’s top semiconductor integrated device manufacturers (IDMs), semiconductor original equipment manufacturers (OEMs) and fabless semiconductor companies.

The addition of Noel Technologies to the Pure Wafer family expands Pure Wafer’s product portfolio allowing it to leverage several unique strengths: Noel brings a range of new growth applications such as thin films, wafer standards, LEDs, opto-acoustic micro-phones, flexible electronics, micro array mirrors, and lab on chip. Noel’s lithography engineering services include reticle layout and process development to assure design success. Similarly, Pure Wafer will leverage these additions with its industry-leading silicon wafer solutions products to bring added value to a larger customer footprint of more than 1,600 OEMs and IDMs across the USA, Europe, and Asia.

“I am pleased to welcome Noel Technologies to Pure Wafer,” commented S. Mark Borowicz, CEO, Pure Wafer. “This investment creates unique synergies that allow us to accelerate our growth plan and deliver significant value to our customers. Coupling Noel’s unique, proprietary processes and Pure Wafer’s exotic dielectric and metal films portfolio, creates substantial revenue growth opportunities.”

The acquisition of Noel Technologies creates synergistic opportunities, bringing significant value to customers:

  • Multi-layer and single layer processes expand the product portfolio
  • High-volume blanket coatings capacity provides customers with a domestic source for standard films
  • Development capabilities coupled with Pure Wafer’s exotic dielectric and metal films portfolio enables the company to further address non-semiconductor markets
  • Core process and design optimization capabilities complement Pure Wafer’s strategic growth plan

“We welcome the Noel team to the Pure Wafer family, and we are excited to continue to invest to grow the service offering and enhance the customer experience,” noted Bob Girton, Partner, Edgewater Capital Partners and Chairman of the Board of Pure Wafer. “We are thrilled to support Mark and his world-class management team as Pure Wafer penetrates new markets and continues to execute its growth strategy.”

About Pure Wafer

Pure Wafer is the largest U.S.-based supplier of silicon wafer solutions and services to the global semiconductor manufacturing industry. Operating three semiconductor fabs in California and Arizona, Pure Wafer supplies a comprehensive range of silicon wafer solutions.  These include prime grade silicon wafers, from 50mm to 300mm, thin-films, wafer management software as a service, wafer brokerage, process development and fabrication services. For more than 20 years, it has continued to invest in advanced technologies that has established it as the trusted source for silicon wafer solutions serving the world’s top OEMs, IDMs and fabless semiconductor companies. Pure Wafer is the premier choice for silicon wafer solutions. For more information on Pure Wafer, visit www.purewafer.com

About Edgewater Capital Partners

Headquartered in Cleveland, Ohio, Edgewater Capital Partners is a sector focused private equity firm that invests in lower, middle-market performance materials businesses. Edgewater has extensive experience and expertise in niche manufacturing sectors, including specialty chemicals, life sciences, advanced materials, and engineered components. Twenty-plus years of industry-specific investing has allowed the firm to develop a deep understanding of the complex technologies, processes, and operations that these sectors share. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com

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