US Applied Films Corp. announced recently that it has sold its Longmont thin film coatings unit to Information Products Inc., a unit of automotive supplier Donnelly Corp. In a press release dated 24 S…
US Applied Films Corp. announced recently that it has sold its Longmont thin film coatings unit to Information Products Inc., a unit of automotive supplier Donnelly Corp. In a press release dated 24 September, the provider of thin film deposition equipment said the sale is in line with its previously stated strategy of focusing on its core of thin film deposition equipment. Information Products Longmont Inc., a newly formed business, will operate the business and will lease about 40,000 sq. ft. from Applied Films at its current location in Longmont, Colorado, US. Applied Films said the deal won“t affect its ownership position in its China joint venture, which coats black and white TN and STN and colour STN glass used in LCD“s for cell phones and portable devices. In June, Donnelly agreed to be bought by Magna International Inc.