AMETEK Inc. (AME) announced the acquisition of the assets of Sterling Ultra Precision. Sterling Ultra Precision is headquartered in Tampa, FL.
"The acquisition of Sterling Ultra Precision provides us with an attractive opportunity to further broaden our capabilities and position in the niche ophthalmic lens market," states Frank Hermance, AMETEK chairman and chief executive.
Hermance also added, "By acquiring Sterling, we gain direct access to a highly profitable niche market that has excellent growth opportunities worldwide." Precitech is a unit of AMETEK Ultra Precision Technologies, which also includes AMETEK's Taylor Hobson and Solartron Metrology businesses.
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