In a cash transaction, Photonic Products Group Inc. (PPGI) of Northvale, N.J., has purchased the stock of MRC Precision Metal Optics Inc. of Sarasota, Fla. It will retain the company's work force, including its founder and president, Frank Montone. The acquired company will operate from its current location as a wholly owned subsidiary with the name MRC Precision Optics Inc., a PPGI company. MRC's expertise in manufacturing precision metal optics and optical assemblies complements the parent company's laser optics and Inrad optical component lines.Read full articleRelated content from Photonics MediaArticlesSCHNEIDER Partners with Micro-LAM; Laser Light Companies Receive $100M in Debt Financing: Week in Brief: 11/17/23US Capital Global has entered into a term sheet to provide credit facilities totaling a minimum of $100 million to Laser Light Companies, a global networking platform designer and builder. 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