Avantor Performance Materials

Avantor™ Performance Materials Names Jean-Marc Gilson as Chief Executive Officer

editor, 31 January 2011

Phillipsburg, New Jersey – January 25, 2011 – Avantor™ Performance Materials (formerly Mallinckrodt Baker) has named Jean-Marc Gilson as chief executive officer, responsible for the strategic development and global direction for the performance chemistries and materials company. Gilson was previously executive vice president and general manager of Dow Corning’s Specialty Chemicals business.

As chief executive officer, Gilson will work with the executive chairman, Raj Gupta, and will oversee the company’s core leadership team.

Avantor manufactures and markets high-performance chemistries and materials around the world under two well-known and respected brand names, J.T.Baker® and Macron™ Chemicals (formerly Mallinckrodt® Chemicals). These products are widely used in microelectronics and photovoltaic manufacturing; biotechnology and pharmaceutical production; and in research, academic and quality control laboratories.

“Jean-Marc’s strong and diverse background in engineering, technology and general management uniquely suits him for the chief executive officer role,” said Gupta. “In particular, he’s been extraordinarily successful in driving silicon technology business initiatives on a global scale, and will be instrumental in leveraging our success into new business opportunities throughout the world.”

“I’m excited with the opportunity to lead such an innovative and dynamic company during this time of accelerated growth,” said Gilson. “I embrace Raj’s vision for Avantor to become a global leader in performance materials, and I hope to utilize my experience in the international specialty chemicals market to realize and achieve that goal.”

Gilson began his career with Dow Corning in 1989 as a process engineer in Belgium, where he was in charge of polymer process and product development. He earned a series of rapid promotions and served in a number of engineering, financial, manufacturing and leadership management roles in Europe and Asia, and at the company’s headquarters in the United States.

Gilson has focused his career on specialty chemicals and performance materials since 1999, when he was a director of science and technology for Dow Corning’s Specialty Chemicals unit. Under his leadership, the company patented several key new products. In 2003, he was named vice president and general manager for the Advanced Technologies and Venture Business, where he was responsible for a portfolio of activities that included products for the solar, electronics, opto-electronics and semiconductor industries. Gilson relocated to Japan in 2005 as vice president and general manager and Asian area president to oversee the company’s multi-billion dollar global Specialty Chemicals business. He was later named executive vice president of Dow Corning in 2009.

Gilson received a master of chemical engineering degree in 1988 from the University of Liege (Belgium). He earned a master of business administration degree in 1999 from the Institute for Management Development (Switzerland).

Mallinckrodt Baker is now Avantor™ Performance Materials

editor, 06 October 2010

Phillipsburg, New Jersey – October 1, 2010– Mallinckrodt Baker will now be known as Avantor™ Performance Materials,company officials announced today as they unveiled a new name and identity following the recent acquisition by an affiliate of New Mountain Capital, a New York-based private equity investment firm. Avantor™ (pronounced “ah-VAHN-tor”), formerly Mallinckrodt Baker, manufactures and markets igh-performance chemistries and materials around the world under two well-known and respected brand names, J.T.Baker® and Mallinckrodt® Chemicals.

These products are widely used in biotechnology and pharmaceutical production; microelectronics and photovoltaic manufacturing; and in research, academic and quality control laboratories. Headquartered in Phillipsburg, New Jersey, Avantor™ was acquired from Covidien in August 2010. New Mountain Capital is providing Avantor™ with ignificant financial and strategic resources to support future growth initiatives, which include xpansion in current markets and growth through acquisitions.

Under the terms of the acquisition agreement, the Mallinckrodt® name will remain with Covidien. Products sold under the Mallinckrodt® product line brand name will continue to be manufactured and marketed by Avantor™, but will eventually be transitioned to a new brand name which will be announced in the near future. Avantor™ intends to continue using the J.T.Baker® product line brand name.

“Our new name conveys several very important ideals,” said Raj Gupta, executive chairman at Avantor™ and senior advisor at New Mountain Capital. “We chose Avantor™ because of its relevance to leadership. The word ‘Avant’—as in avant-garde—evokes the bold ideas, energy, innovation and passion that we have as a company. The word ‘Tor’ means mountain, and represents our aspiration to achieve new heights of performance and quality as well as our affiliation with New Mountain Capital.” Ron Harding, president of Avantor™, added, “It’s a new day for us and our new name sets the tone for our mission to enable customers to soar to new heights, take on new challenges and achieve new breakthroughs,” he said. “We have a new name, but our commitment to delivering high quality, consistency and service that customers have come to expect will not change.”

Harding emphasized that the company’s name is changing, but not its manufacturing process. “This transition will not impact any GMP documentation beyond what might be considered a level one name change,” he said.Gupta, who was also the former chairman and CEO of Rohm and Haas, added, “We’re proud of our long history in the performance chemistries business, but now we’re poised to do and become so much more. Our goal is to become a leading global supplier of performance materials. The new name Avantor™ signifies the next step as we up our game and enhance our activities.”

Launch of new copper-compatible post-ash cleaner for semiconductor manufacturing

editor, 26 July 2010

BAKER CLk™-168 post-ash cleaner is specifically formulated for low-k dielectrics and selective etch capabilities

Phillipsburg. New Jersey - July 13. 2010 - Covidien (NYSE: GOV), a leading global provider of healthcare products, today announced that its Mallinckrodt Baker specialty chemicals business is launching a powerful new solution to improve post-ash residue removal processes for semiconductor manufacturing.

BAKER CLk™-168 post-ash cleaner is the latest in the Company's complete line of semiconductor chemicals designed for today's difficult process integration challenges. The post-ash residue remover is specifically formulated to provide maximum compatibility with low-k dielectrics, copper, advanced barrier layers and etch-stop materials.

TMallinckrodt Baker is featuring the new product, along with other advanced microelectronics chemicals for semiconductor and photovoltaic manufacturers, at SEMICON® West 2010, July 13-15, in San Francisco.

The aqueous-based BAKER CLk™-168 post-ash cleaner effectively removes etch / ash residues and sidewall polymers, which can interfere with semiconductor device performance, from copper dual damascene structures. It offers short operating times - 15 to 90 seconds for a single wafer process - and low operating temperatures starting at 25 °C.

Designed for use in bath, batch spray, and single wafer tools, BAKER CLk™-168 residue remover provides long bath life - typically greater than 48 hours. It gives process engineers more versatility across multiple technology nodes to optimize ash removal processes to match specific device and substrate material parameters. Semiconductor manufacturers utilizing low-k dielectrics and copper can increase throughput, achieve greater manufacturing efficiencies, and reduce operating costs and total cost of ownership by taking advantage of these key BAKER CLk™-168 performance characteristics.

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Mallinckrodt Baker sale announcement

editor, 14 June 2010

Following a thorough review and evaluation of a number of strategic alternatives, Covidien has made the decision to sell the Mallinckrodt Baker specialty chemical usiness. Although the business is strong, Covidien’s decision is consistent with the company’s strategy to focus its portfolio on its core healthcare businesses.

Covidien has entered into an agreement to sell the Mallinckrodt Baker business to an affiliate of New Mountain Capital, L.L.C. New Mountain Capital is a New York-based private equity firm whose stated mission is to invest for long-term capital appreciation in the highest-quality growth leaders in carefully selected industry sectors, and then to work intensively with management to build the value of these companies

Over the years, Mallinckrodt Baker’s strong customer relationships have enabled us to achieve success in the worldwide chemical industry. We are committed to continuing to provide the high level of service you expect from Mallinckrodt Baker. Operations will continue as usual, with no supply interruptions or process changes anticipated as a result of this announcement. Completion of the sale is subject to customary closing conditions, with closing expected by the fall of 2010.

Thank you for your continued support and partnership. We will communicate updates on the situation as needed throughout the process. If you have additional questions, please contact your Mallinckrodt Baker sales representative.