Roman Haas mergers and acquisitions of South Korean companies to expand OLED material business

Roman Haas (Rohm and Haas) announced the acquisition of South Korea's organic light-emitting diode (OLED) R & D and manufacturing leader GracEL Display, through mergers and acquisitions Gracel and OLED materials technology, to expand its display technology business sector. The transaction of about $40 million, Jean Roman Haas will obtain more than half of Gracel's equity.

The Chemistry Department of Roman Haas manufacturing TFT display (TFT) photoresist and related materials, in June 2007 the acquisition of Eastman Kodak (Eastman Kodak) light control film division after expanding the business sector display optical film. In addition, Roman Haas in December 2007 with SKC joint venture founded SKC Haas Display, LCD and plasma screen for the development and manufacture of a variety of advanced film and filter Films. Over the past year, Roman Haas has invested $270 million to build its display technology business sector, including Gracel mergers and acquisitions.

The company said that advanced OLED technology provides many performance advantages, can improve the brightness, clarity and efficiency of flat panel display. OLED power consumption is much lower than traditional display technology (for portable devices is an important factor), and provide more high brightness and contrast, create super clear image, wide viewing angle, and slim design. OLED technology has attracted a lot of attention recently, and appears in more and more products, the use of OLED development of the display, in the next ten years there will be substantial growth.

Roman Haas said, OLED is an important new member of the Roman Haas display material. In the company's 2010 vision plan, Rohm and Haas accelerate the development of various investment platforms, including electronic materials. Over the past 12 months, the company is committed to building a world-class display technology. OLED is one of the most important technologies to help expand the display products, this powerful technology will lead the industry to develop a new generation of ultra-thin, ultra clear display.

Source: Electronic Engineering album