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ISP Optics Has Acquired the Coating Assets of Opticorp Inc.

Published on 2008-07-07. Author : SpecialChem

ISP Optics Corporation of Irvington, New York, a leading manufacturer of precision infrared optical components, has acquired the coating assets of Opticorp Inc., of Chelmsford, MA , a provider of high quality infrared optical coatings. The DAK Group, an Investment Banking firm headquartered in Rochelle Park, NJ, served as financial advisor to ISP Optics.

In combining the expertise and technology of these two leading edge optical companies, ISP Optics continues its vertical integration in the infrared industry, striving to provide its customers with complete infrared optics solutions.

David Smith, the owner of Opticorp Inc., will continue as the manager of coating operations for ISP Optics. Mr. Smith stated: "We are very enthusiastic about our new relationship with ISP Optics. We have been providing optical coatings to ISP Optics for many years, and the quality of their optics and the knowledge of their staff has always been first rate. Our combined experience in optical fabrication, diamond turning, and optical coatings will allow ISP Optics to provide a streamlined experience for our customers, allowing us to provide quality and performance in less time."

Joseph Menaker, President of ISP Optics was pleased to announce the acquisition: "It is very exciting to welcome on board the extremely capable, devoted and experienced group of people from Opticorp. We have been doing business with Opticorp for many years, during which time they have always delivered high quality and reliable coatings to us. We are certain that the addition of Opticorp will open new strategic venues for ISP Optics and enhance our product offering to our customers."

Source: ISP Optics Corporation


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