Coherent Outsourcing Optics
SANTA CLARA, Calif., April 17, 2008 -- Laser maker Coherent Inc. announced it will outsource its optics manufacturing by selling certain assets of its Auburn, Calif.-based operation to Research Electro-Optics Inc., a privately held optics manufacturing and technology company located in Boulder, Colo.
Coherent sold the 80,000-sq-ft Auburn campus for approximately $9.8 million in September 2007 as part of a plan to consolidate facilities, resulting in a capital loss of approximately $12.6 million in the fourth quarter of fiscal...