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

Register for livedesignonline.com and gain access to premium content including production and design materials, videos, and more.

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