July 8, 2008--ISP Optics Corporation (Irvington, NY), a manufacturer of precision infrared optical components, acquired the coating assets of Opticorp (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. The acquisition continues the vertical integration of ISP Optics in the infrared industry.
David Smith, the owner of Opticorp, will continue as the manager of coating operations for ISP Optics. Smith said, "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, said, "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."
For more information, visit www.ispoptics.com.