Qioptiq Divesting Polymer Molding Unit
PARIS, March 7, 2011 — Qioptiq has begun procedures to divest its molding unit of Qioptiq Polymer Inc. in La Verne, Calif., to concentrate on its core optical and photonics business. Qioptiq Polymer’s injection molding business assets will be sold to the current management. The transaction, which is subject to the customary completion of necessary agreements and approvals, is expected to close by the end of the month. The new venture, which will conduct business as Diverse Optics Inc., will remain at the...