Halma to pay up to $16 million for Volk Optical
This article was originally published in Clinica
Executive Summary
Halma, UK manufacturer of security equipment and fire detection systems, has expanded its ophthalmic presence with a second acquisition. It will pay up to $16 million for Volk Optical, based in Cleveland, Ohio, the world's leading manufacturer of precision aspheric lenses and optical systems used by optometrists and in microsurgery. Volk had sales of $5.4 million in the year to March 1996 and pre-tax profit of $1.6 million.