March 10, 2005, West Berlin, NJ--Dynasil Corporation of America, fabricator of optical blanks from synthetic fused silica, fused quartz, and other optical materials for the semi-conductor, laser, space and optical components industries has completed the purchase of Optometrics LLC of Ayer, MA.
Optometrics is a worldwide supplier of quality optical components including diffraction gratings, lenses, thin-film filters, laser optics, monochromators, and specialized optical systems and software. The previous owners of Optometrics LLC, Ms. Laura Lunardo and Mr. Frank Denton, signed two year, renewable employment contracts and will continue to actively lead the Optometrics business that will now be Optometrics Corporation. Additionally, Ms. Lunardo is now Dynasil's CFO. The anticipated revenues for the combined companies are expected to exceed $6 million.
Dynasil has been a long-term supplier to Optometrics and glass is a key raw material for Optometrics' products. Mr. Craig Dunham, Dynasil President and CEO, had the following comments on the acquisition: "I believe that Optometrics is an excellent addition to Dynasil with Optometrics' record of profitable growth, strong people, and optical customers/markets that fit well with Dynasil. The year is off to a good start with strong orders in both companies. The combination of the two companies is expected to lead to increased profitability for both companies. We look forward to acquiring similar strong companies with growth opportunities and synergy with our current businesses."