Monday, November 26, 2012

Oclaro Sells Off Thin Film and Interleavers for $27 Million

Oclaro has sold its thin film filter business to Photop Technologies, a wholly-owned subsidiary of II-VI Incorporated, and will also sell its interleaver product line to Photop Koncent (FuZhou), also a wholly owned subsidiary of II-VI.  The deals are valued at $27 million.

"Divesting our thin film filter business and the interleaver product line is consistent with our strategy to focus our resources on our core competencies," said Alain Couder, chairman and CEO of Oclaro. "The proceeds from these deals improve our balance sheet and give us additional operating flexibility to serve our global customer base.

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