ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Materials

South Korea’s Cheil Buys Novaled Stake

by Michael McCoy
August 19, 2013 | APPEARED IN VOLUME 91, ISSUE 33

[+]Enlarge
Credit: Novaled
Novaled is developing OLED materials for lighting.
09133-buscon-novaledcxd.jpg
Credit: Novaled
Novaled is developing OLED materials for lighting.

Cheil Industries, part of South Korea’s Samsung Group, has agreed to acquire a 50% stake in Novaled, a German supplier of materials for organic light-emitting diodes. The transaction values Novaled at nearly $350 million. Founded in 2001 as a spin-off from Dresden University of Technology and the Fraunhofer Institute of Dresden, Novaled had sales last year of about $34 million. Cheil says the purchase will enhance its own OLED business, which includes the supply of electron-transport-layer materials used in Samsung’s Galaxy S4 mobile phone.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment