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Dynasil Divests XRF Product Line

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WATERTOWN, Mass., Nov. 11, 2013 — Dynasil Corporation of America has sold its x-ray fluorescence (XRF) lead paint detector product line to Protec Instrument Corp., the US subsidiary of its longtime France-based distributor Protec SA, and used the proceeds to reduce its debt and emerge from default with its creditors, the company said last week. The recent transaction is part of the company's plan to restructure to improve liquidity and pay down bank debt, Dynasil said. Divesting the XRF line allowed it to pay its primary lender, Santander Bank NA, approximately $1.2 million. Dynasil now owes Santander $5.3 million, down...Read full article

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    Published: November 2013
    Glossary
    optical component
    One or more optical elements – typically cemented together - in an optical system that are treated as a single group; e.g., a beamsplitter, or a cemented doublet or triplet.
    AmericasBusinesscreditorDynasilEuropeImaginglead paintloan defaultMaterials & Chemicalsoptical componentOpticsPeter SulickProtec InstrumentSantanderSensors & Detectorsx-ray fluorescenceXRF

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