| Rochester,
New York (December 16, 1998) - Navitar Coating Labs, Inc. has
purchased GM Vacuum Coating Laboratory, Inc. of Newport Beach
Calif., company officials have announced GM Vacuum produces
thin film optical coatings for use
in the military, aerospace, semiconductor, movie and cinema, audio
visual and medical industries.
Founded
in 1967, GM Vacuum is fast becoming a world leader in the Ultra-Violet
(UV) optical systems for the UV curing industries. The
company manufactures UV products such as reflectors and UV blocking
filters, which are used in the manufacturing of fiber optics,
paint curing, printing, graphic arts and printed circuit boards.
The
acquisition of GM Vacuum will greatly benefit Navitar Coating
Labs and its affiliated companies, owned by brothers Julian and
Jeremy Goldstein. Navitar is a manufacturer of sophisticated
optical systems for the machine vision, quality control, semiconductor
and electronic inspection industries, as well as audiovisual and
presentation products for boardroom and videoconferencing.
After the acquisition, Navitar now has facilities in California,
Florida, Pennsylvania and New York.
Navitar
plans to aggressively develop and expand the strong position of
GM Vacuum in the growing field of UV optical systems. /GM
Vacuum's UV optical systems can dramatically decrease the curing
time required for UV inks, paints and resins, therefore substantially
increasing the productivity of existing machinery.
Navitar
plans to have the new company start producing optical components
for its growing zoom division right away. According to Jeremy
Goldstein, this division has seen tremendous growth over the past
few years. In fact, Navitar has provided more than
80,000 lens systems for the machine vision industry. Navitar
is particularly excited about GM Vacuum's ultra precise mirror
and beam splitter components for use in the production of the
Navitar zoom video inspection products.
The
GM Vacuum acquisition is the latest in a series of growth moves
by Navitar in recent years. The Rochester-based company plans
to continue with its successful expansion policy and grow well
into the next century.
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