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Acquisition
6 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Acquisition

 

2. Acquisition

 

On March 3, 2021, we acquired 100% of the issued and outstanding shares of capital stock of Intersurface Dynamics, Inc. (“IDI”), a Connecticut-based manufacturer of substrate process chemicals used in various manufacturing processes, including semiconductors, silicon and compound semiconductor wafers, and optics, for a cash purchase price of $5,250,000. The purchase price allocation is not yet finalized; however, a substantial portion of the total purchase price was allocated to goodwill. IDI’s results of operations are included in our Material and Substrate segment from the date of acquisition.