Universal Display announced that its wholly-owned subsidiary, Adesis Inc., purchased its New Castle, Delaware building, to expand its custom organic synthesis, R&D, and specialty manufacturing capabilities. The New Castle, DE facility is a 47,500-square-foot building in the Southgate Industrial Center, of which Adesis had previously leased about 25,100 square feet.
 
 “We are pleased to help scale up Adesis’ operations as it continues to grow its CRO (contract research organization) work in supporting the pharmaceutical, chemical, biomaterials, and catalysts industries,” said Steven V. Abramson, president and CEO of Universal Display. “The integration of Adesis has progressed extremely well and we believe the purchase of the building is the next step in facilitating the business’ long-term growth plans. This will also support our increasing technical capabilities, as we expand our OLED product portfolio for new red, green, yellow and blue emitters and hosts.”
 
“This is an exciting time of growth for Adesis,” said Andrew Cottone, president of Adesis, Inc. “The purchase of the building creates an opportunity to increase our critical mass and expand our CRO offerings, while continuing to enhance Universal Display’s chemistry expertise and capabilities.”