Korea Based Wonik Materials Group LTD to Acquire Stake in Wisconsin Entity Nova-Kem LLC
Milwaukee, WI (September 29, 2014) – Wonik Materials Co. Ltd announced its intent to acquire a 50.67% equity stake in Wisconsin based chemical precursor entity Nova-Kem, LLC. This brings Nova-Kem full circle from a well-publicized fire in June 2013 that crippled their Seward, IL facility. “Having returned to full scale production in June 2014, we had already turned the corner and guaranteed our own survival,” said Nova-Kem Founder and CEO, Reno Novak, “but Wonik offered an incredible opportunity to accelerate our 5 year vision by simply leveraging our business model into theirs.” Both entities engage in the dynamic semiconductor industry servicing such world giants as Samsung Electronics.
According to Wonik CEO, Kun-Jong Lee, “Wonik had already established itself as a primary reseller in the semiconductor industry and was looking to increase shareholder value by incorporating its own line of IP. Having already proven themselves as a world leader in the supply of precursor hexachlorodisilane, Nova-Kem represented an ideal opportunity for Wonik to launch this initiative, giving us not only an existing and active development team, but a strategic footprint in North America as well.”
The expected settlement date of this transaction is October 1, 2014.
For more information on these companies, please visit their websites @
###About Wonik Materials Co., Ltd.
WONIK Materials Co., Ltd. is a Korea-based company mainly engaged in the manufacturing of gas products used in semiconductor industry. Its products are used in the manufacturing processes of semiconductors and displays such as liquid crystal displays (LCDs) and light-emitting diode (LED) displays. The Company also provides ammonia gas supply equipment. Its main customer is Samsung Electronics.
About Nova-Kem, LLC
NOVA-KEM, LLC is a Wisconsin based company engaged in the research, development, scale-up and production of high tech materials for the semiconductor industry. It is recognized as a world leader in the supply of ultra-high purity hexachlorodisilane which is in use by such global giants as Samsung Electronics.
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