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Listed Taiwanese LED manufacturer FOREPI and Epistar completed official integration on Dec. 30, 2014, according to an UDN report. FOREPI has become a subsidiary under Epistar, and after an interim shareholder meeting in September, FOREPI will complete integration during 1Q15. After being absorbed by Epistar, FOREPI is expected to profit in 2015.
Experience from former mergers has allowed Epistar to rapidly adjust and restructure the newly acquired company. Shortly after the board meeting, Epistar sent a management team into FOREPI to prepare it for next year’s potential business opportunities. Epistar aims to scale up FOREPI production capacity by 20% to 30% within the next six to twelve months.
Epistar estimates profitability and losses to reach an equilibrium in 1Q15 after the integration of the two companies, and business operations run smoothly. FOREPI’s future revenue value is expected to reach NT $7.5 billion (US $240 million), and gross margin to reach 12% to 15%.
In the aftermath of Epistar’s acquisition of FOREPI, the company’s global LED chip market share will exceed 30%, and have a 60% market share in Taiwan. As the trend of large manufacturers grow bigger in the LED industry, Epistar aims to use mergers to strengthen its global market competitiveness.
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