Chemtura Corporation today announced that it has acquired UP Chemical 50% stake in DayStar Materials, a South Korean manufacturer and marketer of high-purity metal organic precursors for the rapidly growing LED market.

Chemtura now owns a 100 % interest in DayStar, which will be a part of Chemtura's Organometallic Specialties (OMS) business. DayStar was formed in 2011 as a joint venture of Chemtura and UP Chem.

Chemtura intends to establish fully integrated manufacturing, quality, service and distribution capabilities in Asia supporting the full, electronic-grade trialkyl product portfolio of trimethylgallium, triethylgallium, trimethylaluminum and trimethylindium.