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Air Products spinoff company moving headquarters out of Lehigh Valley

Air Products’ spinoff company will relocate the Lehigh Valley office once the changeover is complete, officials announced Tuesday.

The company is currently in the process of moving its Materials Technologies’ Electronic Materials Division, to what is to become Versum Materials. As part of this continuing process, Versum Materials, once it becomes a stand-alone company, will shift its headquarters from its current Trexlertown office to Tempe, Arizona.“Part of our overall strategy as a separate company is to be more market facing and agile by co-locating our business capabilities closer to the companies we serve. Our focus is on serving our semiconductor customers. We have existing Electronic Materials production, research and development, and a workforce in Tempe, and our major U.S. customers are located in the Western U.S.,” said Guillermo Novo, who will be the CEO of Versum Materials. “Additionally, over 70 percent of the market is now in Asia and it continues to grow. Locating in Tempe will allow us to improve our connectivity with both our U.S. and Asia teams and customers.“This decision is part of a broader plan to be closer to our customers and position Versum for success.”Novo added certain administrative functions will remain in the Allentown area.“We have great people with experience and knowledge performing jobs that are critical to our company, like Accounting and IT, for example. These people have been integral to the transition as we move toward Versum. Having employees who understand our business will allow us to stay focused on our separation and continue to support our business performance going forward,” Novo said. “Between our manufacturing and administrative infrastructure that will remain, Versum will continue to have a significant footprint in the Lehigh Valley area.”There will also be several other moves that have been decided as the business separation is finalized. The spinoff is expected to be completed by September 2016.Most recently it was decided Versum’s research and development labs will be relocated over the next year to its plants in Tempe, Hometown, Taiwan and Korea.The commercial organization for the much of the business is also relocating to Tempe.No announcements have been made on how many jobs this will affect.