Ultra Clean Holdings, Inc., a leading developer and supplier of critical systems and subsystems for the semiconductor capital equipment, flat panel, medical, energy and research industries, today announced that it has signed a purchase agreement with Marchi Thermal Systems, Inc. (Marchi), to acquire substantially all of Marchi's assets and assume certain of its liabilities. Marchi designs and manufactures application-specific thermal solutions to solve semiconductor equipment customers' temperature management challenges. The acquisition of Marchi further expands UCT's capabilities and its footprint with existing customers.  In conjunction with this acquisition, UCT closed a new $80 million debt facility with East West Bank and City National Bank which UCT used to refinance amounts outstanding under its existing credit facility and fund the cash portion of the purchase price of Marchi. The existing credit facility was terminated.

UCT paid a purchase price of approximately $43.6 million.  The transaction signed and closed on February 5, 2015. The consideration consisted of $30 million in cash and 1,437,500 shares of UCT common stock.

Founded in 1973 and headquartered in Hayward, CA, Marchi had approximately $18 million in revenue in its last fiscal year ended December 31, 2014.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical systems and subsystems for the semiconductor capital equipment, flat panel, medical, energy and research industries. UCT offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. UCT's customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, medical, and energy and research industries. UCT is headquartered in Hayward, California.