Roman Haas officially acquired Gracel Display, expanding its OLED business

Recently, Roman Haas announced the formal acquisition of organic light-emitting diode (OLED) materials R & D and manufacturers GracEL Display.

Through this transaction worth about $40 million, Roman Haas won a majority stake in South Korea's Gracel company.

The acquisition of Gracel and its portfolio of OLED materials has expanded Roman Haas's growing display technology business. Roman Haas shows part of the chemical sector can produce TFT (thin film transistor) photoresist and related materials; access to Kodak in June 2007 (Eastman Kodak) photographic film business, Roman Haas further with the optical display film production capacity. Roman Haas also opened a new joint venture in December 2007 - SKC Haas Display Films to develop and produce advanced films and filters for LCD and plasma displays. Including the acquisition of Gracel, Roman Haas has invested $270 million over the past 12 months to build its display technology division.

Advanced OLED technology provides many performance improvements to improve the brightness, clarity and resolution of flat panel displays. Compared with the traditional OLED display technology consumes only a small part of the energy (the portable device is an important consideration), can provide high brightness and contrast to obtain clear image quality, design and the broader perspective and slim. OLED technology has recently entered a formal, is gradually being commercialized by increasing practical applications. In the next 10 years, OLED is expected to achieve significant growth in the use of monitors.

About Roman Haas

Roman Haas is a multinational company specializing in the research, development and manufacture of fine chemicals and intermediates. Founded in 1907, headquartered in Pennsylvania, Philadelphia. Roman Haas is one of the world's leading and most experienced suppliers in the field of acrylic monomers and polymers. Roman Haas in June 1999 officially acquired International (Morton) company, so that the new Rohm And Haas Company to become the nation's largest fine chemicals company.

In the world, Roman Haas has 100 manufacturing plants and research institutions, its production and operations in more than and 100 countries, with annual sales of about $6 billion. In more than 3000 kinds of products with fine chemical products for leading, with an annual output of nearly 400 thousand tons of acrylic monomer accounted for 20% of world market, accounting for 1/3 polymer, the products are mainly used in paint, building materials, textile, printing and dyeing, paper products, adhesives and light industry; in addition, products include industrial preservatives, ion exchange resin, functional chemicals, plastic additives, electronic chemicals, amine and its salts.

Source: LEDinside