Business and People News: Everlight, Bayer, LSG, Moritex

Oct. 3, 2008
Everlight has appointed a new VP of global sales, Bayer and LSG are working together, and Schott is looking to buy Moritex.
Everlight appoints new Vice President Global Sales

Everlight, a manufacturer of LEDs and other opto semiconductors, has appointed Stephan Greiner as its new Vice President Global Sales.

Greiner will be responsible for the worldwide Sales Strategies. He brings 13 years of experience in Semiconductor sales. His last position was Senior Director Sales Europe and Emerging Markets (LAMEA) at Osram Opto Semiconductors.

Bayer teams with LSG

Bayer MaterialScience LLC (BMS), a producer of polymers and high-performance plastics, has entered into a joint development agreement with LED lighting manufacturer Lighting Science Group (LSG). The alliance combines the lighting application and LED system integration know-how of LSG with BMS’ polycarbonate resin technology. See the BMS press release.

BMS has developed grades of its Makrolon® polycarbonate and Bayblend® PC/ABS resins specifically for demanding high-brightness LED applications.

Gerald DiBattista, market segment leader, IT, Electrical/Electronics Polycarbonates, BMS. “Our portfolio of Makrolon polycarbonate resins for LED lens and optical materials has stood up under even the harshest testing conditions, and consistently outperformed other polycarbonate materials in retaining high transmission. More new products are under development as well, including a 5VA clear material and a metal insert molding grade. Also, our post-consumer recycle content grades add an even more ‘green’ aspect for other components of the LED housing.”

Schott launches tender offer for Moritex

German specialty glass maker Schott AG has launched a tender offer for Japanese optical equipment maker Moritex Corp., aiming to acquire more than 50% of outstanding Moritex shares. Moritex is a leader in the field of lighting systems based on LED and fiber-optic technology, as well as optical imaging systems for industrial image processing.

Under the tender offer, running from September 25 through October 23, Schott intends to acquire a 51.0% stake in Moritex at 740 yen per share for a maximum total of about 5 billion yen (approx $50 million).

Moritex, which has indicated it will agree to the bid, plans to expand overseas operations under the control of Schott, a multinational, technology-based group developing and manufacturing specialty materials, components and systems.