M&A Deal Summary

Corning Acquires Optimum Manufacturing

On August 4, 2008, Corning acquired machinery company Optimum Manufacturing

Acquisition Highlights
  • This is Corning’s 1st transaction in the Machinery sector.
  • This is Corning’s 5th transaction in the United States.
  • This is Corning’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2008-08-04
Target Optimum Manufacturing
Sector Machinery
Buyer(s) Corning
Deal Type Add-on Acquisition

Target

Optimum Manufacturing

Charlestown, New Hampshire, United States
Optimum Manufacturing Corp., is a manufacturer of precision machined components serving the aerospace and defense, scientific, medical and communications industries.

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Buyer(S) 1

Buyer

Corning

Corning, New York, United States
Category Company
Founded 1851
Sector Manufacturing
Employees49,800
Revenue 12.6B USD (2023)
DESCRIPTION

Corning is a manufacturer of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications, and life sciences. Corning was founded in 1851 and is based in Corning, New York.

DEAL STATS #
Overall 5 of 17
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 5 of 14
State (New Hampshire) 1 of 1
Country (United States) 5 of 13
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Steuben Glass

New York, New York, United States

Steuben is a manufacturer of handmade art glass and crystal, featuring blown, cut, and etched designs, and animal sculptures.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-16 Axygen BioScience

Union City, California, United States

Axygen Inc is a manufacturer and distributor of high quality life sciences plastic consumables, liquid handling products and bench-top laboratory equipment.

Buy $400M
Mergr

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