Precision injection molder Triformix Inc. acquired assets of the molded-optics business unit of JDS Uniphase Corp. in an Aug. 9 cash transaction. Terms were not disclosed.
Triformix anticipates tripling its injection molding capabilities, doubling its sales and going to 55 employees from the current 25. ``All key employees have accepted positions with Triformix,'' said David Whitney, Triformix president and chief executive officer, in a telephone interview.
Triformix will reconfigure its 21,000-square-foot facility in Santa Rosa, Calif., which in about three months will receive 12 presses from Uniphase's Santa Rosa plant. In the process, Triformix will relocate its offices into 5,000 square feet nearby.
The consolidation will give Triformix a total of 18 presses with clamping forces of 55-300 tons. Currently, Triformix operates six presses of 55-88 tons.
The two operations specialize in different areas of the molded-optics marketplace, Whitney said. ``The business coming in is additive. We are not eliminating revenues from either organization.''
The businesses use optical-grade molding resins such as polycarbonate, polystyrene, acrylic, polysulfone and polyetherimide.
Triformix obtained a significant venture-capital infusion to fund the acquisition and related growth requirements, he said. Privately held Triformix would not reveal sales or investment details.
The transaction reunites molded-optics players. Whitney operated Netra Corp. of Mountain View, Calif., which was acquired by Optical Coating Laboratory Inc. in 1995. Under OCLI, Whitney moved Netra to Santa Rosa and ran the molded-optics operation for four years.
JDS Uniphase of San Jose, Calif., bought OCLI in early 2000 for $2.71 billion. Now JDS has sold the same molded-optics unit to Triformix.
``We have a history with those people,'' Whitney noted.
Triformix was established in late 2000 and began operations in October 2001. The company will keep its precision optical molding in California ``where engineering resources are located,'' but has a long-range vision of conducting some business in Asia, Whitney said. Triformix is negotiating the next step but has no set plan.
Triformix makes optical components and semiconductor packaging for high-volume communication, digital imaging, peripheral and instrumentation products.