IIVI Corp. announces proposed acquisition of Virgo Optics

Infraredoptics manufacturer IIVI Corp. (Saxonburg, VA) signed a letter of intent to purchase Virgo Optics (Port Richey, FL) from owner Sando¥Chemicals Corp. USA for an undisclosed sum. Virgo makes optics for use in the visible and infrared spectra, employs about 72 people, and has annual sales of about $4 million to $5 million. Jim Martinelli, director of finance and accounting at IIVI, says his company has no intention of moving the manufacturing plant from Port Richey.

IIVI Corp. announces proposed acquisition of Virgo Optics

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