AFT acquires a fiber first

Juno Lighting Inc., an architectural lighting manufacturer, has acquired Advanced Fiberoptic Technologies Inc. (AFT) of Palmetto, FL. This is the first acquisition by a traditional lighting company of a company in the expanding fiber-optic lighting field, a segment that is expected to reach sales of $1 billion by the year 2000. Says AFT president Reed Powers, "the purchase will inject capital and expertise into Advanced, allowing us to continue R&D as well as introduce new products for

Register to view the full article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish