Optometrics Corporation (“Optometrics”) and Evaporated Metal Films Corp. (“EMF”) announced that they have been acquired by Omega Optical Holdings, LLC (“Omega”) a portfolio company of Artemis. Both Optometrics and EMF are designers and manufacturers of precision optical components that are used in a variety of high technology end markets. This transaction is the successful culmination of an initiative led by Peloton Advisory LLC to divest these two businesses from Dynasil Corporation of America (“Dynasil”) while ensuring the longevity of the brands, continuity of employment for all employees and strengthening the technical capabilities for the loyal customer base.
Evaporated Metal Films
Founded in 1936, EMF was the first company in the United States to offer thin-film coatings to commercial customers. For over 80 years, EMF has continually expanded and refined its capabilities to deliver custom precision optical coatings for large area mission-critical applications. EMF has built a reputation for excellent product quality, superior customer service, and technical solutions in support of their customers demanding time-to-market requirements. EMF supplies tier-one customers in the aerospace, defense, industrial, medical, and dental markets.
“The team at EMF is excited to take the next step in our journey. As part of the Omega family, EMF will be even better positioned to provide innovative solutions for our current and future customers,” remarked EMF President, Paul Schulz. “Through our defining customer value proposition, the EMF Edge, we will continue to provide exemplary customer service as we transition smoothly to our new environment.”
Founded in 1965, Optometrics is a leading supplier of wavelength selection solutions including standard and custom optical components and pre-aligned sub-assemblies. The company’s core technologies include mechanical ruling, holographic recording, photolithography, and optical thin-film coatings. From diffraction gratings to polarizers, beamsplitters to monochromators, and anti-reflection coatings to filters, it maintains an excellent reputation for designing and supplying high quality, spectrally precise products. Optometrics serves blue-chip OEM customers in the life science, analytical instrumentation, aerospace, semiconductor, and defense markets.
“The entire Optometrics team is excited about the opportunity to become part of the Omega family,” expressed Optometrics General Manager, Dave Montgomery. “We remain focused and committed to continuing to supply our customers with high quality, on-time products. The additional applications, product knowledge and market awareness Omega brings will benefit our customers and employees alike.”
“We are very pleased to welcome the EMF and Optometrics teams to Omega,” commented Dr. Michael J. Cumbo, President and CEO of Omega. “Each business provides Omega with unique proprietary capabilities and coating-enabled products that complement our strategic focus on serving the most challenging optical applications in high-growth markets. The impressive scale of EMF’s thin-film deposition chambers dramatically increases our ability to offer precision coatings for large optics with diameters up to 2.7 meters. Optometrics brings a unique combination of ruled, holographic, replicated, and filtered diffraction gratings that are highly valued, particularly in applications where compactness, efficiency, and precise wavelength selectivity are required.”
Omega Optical Holdings (www.omegafilters.com) is a leading precision optics platform whose brands design and manufacture precision optical filters, coatings, diffractive optics, and infrared components to enable mission-critical applications for global OEM customers in a wide range of industries, including life sciences, environmental monitoring, aerospace, defense, semiconductor, and more.
Headquartered in Boston, MA, Artemis (www.artemislp.com) is a specialized private equity firm focused on acquiring and partnering with differentiated Industrial Tech companies, whose people and products enable and accelerate a healthier, safer, more connected, mobile, productive, and equitable world.
Peloton Advisory LLC (www.pelotonadvisory.com) provides M&A advisory to highly successful, privately-owned entrepreneurial companies and their owners.