Flexible Electronics News

GSI Group Announces Sale Of California-Based Optics Business

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By: DAVID SAVASTANO

Editor, Ink World Magazine

GSI Group Inc. announces that it has entered into a definitive agreement to sell its General Optics business unit located in Moorpark, California to Gooch & Housego PLC for $21 Million. General Optics (Moorpark) manufactures super-polished glass and optics for the telecommunications, scientific and defense industries. The sale is expected to close on or before the end of GSI’s third quarter, subject to regulatory approval. GSI Group’s Taunton UK-based beryllium and beryllium optics busin...

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