Forest Lighting parent company MLS buys 11% stake in Kaistar Lighting
Kaistar, with approximately $84 million in annual revenue, provides LED wafers, LED packaging and LED lighting products to the global market. In July 2015, Kaistar acquired US-based Bridgelux, whose intellectual property includes 750 patents in LED chips and packaged LED technologies.
“Our rapid growth in the American market will be enhanced by this investment in Kaistar,” said Jian Ni, chief operating officer of Forest Lighting in Atlanta. “With these new partners which include Epistar and Bridgelux, we will now have access to cutting edge LED packaging technology and high power LED chips; this will accelerate new product development and market acceptance.”
Contact:Doug Baillie - for Forest Lighting/MLS
Locate more packaed LED vendors in the LEDs Magazine Suppliers Directory
Submit new products, case studies/projects, and other press releases at http://www.ledsmagazine.com/content/leds/en/addcontent.html.
More from Forest Lighting/MLS:
Forest Lighting supplies T5 LED linear lamps with integrated universal drivers
Forest Lighting's T8 LED integrated linear lamps connect up to 20 ft