OCLI sells off glass subsidiary

Jan. 1, 1999
Optical Coating Laboratory Inc. (OCLI; Santa Rosa, CA) has sold the assets of the MMG Division of OCLI Optical Coating Laboratory GmbH (Goslar, Germany) to Glas Trosch in Switzerland. Glas Trosch paid about $10 million in cash. OCLI made this move to pull back from the flat-glass and glass-cutting markets. OCLI will take a pretax loss of about $9.3 million, or $0.29 per share, in the fourth quarter. Over the next three years, OCLI expects revenues of $1.8 million for the use of intangibles. Glas

OCLI sells off glass subsidiary

Optical Coating Laboratory Inc. (OCLI; Santa Rosa, CA) has sold the assets of the MMG Division of OCLI Optical Coating Laboratory GmbH (Goslar, Germany) to Glas Trosch in Switzerland. Glas Trosch paid about $10 million in cash. OCLI made this move to pull back from the flat-glass and glass-cutting markets. OCLI will take a pretax loss of about $9.3 million, or $0.29 per share, in the fourth quarter. Over the next three years, OCLI expects revenues of $1.8 million for the use of intangibles. Glas Trosch is expected to keep the operation intact and expand MMG`s capability into other markets.

Sponsored Recommendations

March 31, 2025
Enhance your remote sensing capabilities with Chroma's precision-engineered optical filters, designed for applications such as environmental monitoring, geospatial mapping, and...
March 31, 2025
Designed for compatibility with a wide range of systems, Chroma's UV filters are engineered to feature high transmission, superior out-of-band blocking, steep edge transitions...
March 31, 2025
Discover strategies to balance component performance and system design, reducing development time and costs while maximizing efficiency.
March 31, 2025
Explore the essential role of optical filters in enhancing Raman spectroscopy measurements including the various filter types and their applications in improving signal-to-noise...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!