Taiwan’s Sino-American Silicon Products is buying Covalent Materials’ silicon-wafer business for $455 million, The Wall Street Journal reports. Covalent’s wafer business, owned by Carlyle Group and Unison Capital, has a headcount of nearly 1,400. The private equity firms originally acquired the business from electronics giant Toshiba for $1.18 billion in 2006. Citigroup served as financial adviser to Sino-American Silicon on the deal.
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