Fiberguide Industries Acquired by Halma
Acquistion to promote product innovation and extend reach into global markets
Stirling, N.J. (16 September 2008) Further extending its presence into global markets, optical fiber manufacturer, Fiberguide Industries, has announced its acquisition by the leading sensor, safety and technology group, Halma p.l.c. Halma is a worldwide group of 40 manufacturing businesses operating in 26 countries with a turnover of $700m.
Fiberguide management will retain existing responsibilities, but will now have collaborative opportunities with Halma's network of photonics equipment suppliers and manufacturers to promote future growth and product innovation.
Fiberguide president Ted Rich, states, "We are energized by Halma's acquisition and their reach into the global markets. Fiberguide now has access to Halma's global resources to further drive new product introductions and to meet the needs of our customers. We also expect to benefit from numerous cross-selling opportunities and to access Halma's distribution channels throughout the world."
Andrew Williams, Halma Chief Executive says, "Fiberguide deepens our presence within the growing Photonics market and strengthens our existing fiber optic assembly activities. There are excellent opportunities for Fiberguide to develop strongly within Halma - particularly through technical collaboration with other Halma photonics companies such as Ocean Optics and Labsphere."
Halma's group companies are based on advanced technology and offer strong growth potential. Many group businesses are a clear market leader in their specialist field and, in a number of cases, are the leading world supplier. For more information on the Halma group, please visit www.halma.com.
Fiberguide Industries, Inc., a Halma company, is a manufacturer of a comprehensive line of standard and custom high optical transmission fibers and ultra precision arrays. The company is FDA registered as a Contract Manufacturer and Custom Device Manufacturer. Fiberguide's corporate and optical fiber manufacturing facilities are located in Stirling, New Jersey, with a manufacturing/assembly facility in Caldwell, Idaho. For additional information please contact Fiberguide Corporate at 908-647-6601, email info@fiberguide.com or visit www.fiberguide.com.
