Dynasil's Evaporated Metal Films Subsidiary Acquires DichroTec Thin Films, LLC
Dynasil Corporation of America (NASDAQ: DYSL), a developer and manufacturer of optics and photonics products and components for the homeland security, medical and industrial markets, today announced that its Evaporated Metal Films Corporation ("EMF") subsidiary has acquired substantially all the assets of DichroTec Thin Films, LLC, ("DichroTec") a Rochester, NY-based optical thin film coating manufacturer.
"We are very pleased to be able to add the expertise and capabilities of DichroTec to EMF and Dynasil," said Peter Sulick, Dynasil's Chairman of the Board, Chief Executive Officer and President. "DichroTec's pedigree in the optics industry, including the world-class optics pioneer Bausch & Lomb, is well-known. Adding this heritage to EMF, the first company in the United States to provide evaporated metal thin film coatings, will provide us with additional know-how and facilities to meet the needs of the growing optical coatings market. In addition, DichroTec has proprietary coating processes for flexible substrates, power cell components, lighting and glass applications which EMF can leverage into our customer base."
"We are excited to bring the 'EMF Edge' to our new EMF Rochester site and customers," said Paul Schulz, President of EMF. "The additional expertise and facilities, in concert with EMF's commitment to continuous improvement and superior customer service, will greatly enhance our ability to meet the needs of our current and future customers. Now with two centers of manufacturing excellence, we will vastly increase our capacity to meet the growing demand for high volume products at our Rochester facility, while expanding our ability to provide custom coating solutions at our site in Ithaca."
Additional details regarding the acquisition will be outlined in Dynasil's 8-K filing with the SEC.
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