Edmund Optics Inc. (EO; Barrington, NJ; www.edmundoptics.com) is selling its Edmund Scientific consumer science catalog business to Science Kit & Boreal Laboratories (Tonawanda, NY). This business comprised 20% of revenues for EO in 2000. The primary optical component supply and manufacturing business of EO remains with the company under the new name of Edmund Industrial Optics (EIO).
The sale is part of Edmund's intention to focus on providing optical and imaging-component platforms primarily to semiconductor, electronic imaging, telecommunications, and medical markets. Says Robert Edmund, EIO chief executive officer, "We are seeking to build our industrial division as the largest supplier of optical/imaging products to high-tech industries and to capitalize on our global manufacturing initiatives." The sale is effective February 1, 2001.
