WEST BERLIN, N.J., 23 August 2006. Dynasil Corporation of America and Evaporated Metal Films Corp. of Ithaca, New York, have signed a definitive agreement for Dynasil to acquire 100 percent of the stock of EMF for a cash payment at closing.
Dynasil is a manufacturer of optical blanks from synthetic fused silica and other optical materials, as well as optical components and specialized optical systems for the laser, optical instrument, and general optics markets. EMF Corporation produces optical thin-film coatings for a broad range of application markets, including display systems, optical instruments, satellite communications, and lighting.
The transaction closing is currently scheduled for October 2, 2006. The current EMF owner and CEO, Ms. Megan Shay, plans to continue in an active leadership role and executive position for at least one year after closing.
Dynasil's plan is for EMF to continue to operate from its Ithaca, N.Y., facility as a Dynasil business unit.
