Rigaku Acquires Osmic
3 March 2000
Rigaku Acquires OsmicTROY, Mich., March 3 -- Rigaku/USA, Inc. Danvers, Massachusetts announced that they have completed the acquisition of Osmic, Inc., a Troy, Michigan based manufacturer of X-ray optics. The acquisition by Rigaku was approved at a special meeting of Osmic stockholders held on February 22. "We are acquiring Osmic because of their outstanding history of product innovation, customer service and success in their current markets," said Hikaru Shimura, President and CEO of Rigaku International Corp. "Osmic has long been a critical supplier of X-ray optics to Rigaku and other X-ray instrument manufacturing companies and I fully support Osmic's continued operation as an independent business serving customers in their current analytical X-ray instrument market and their aggressive plans to expand into Medical and Microlithography markets," continued Mr. Shimura. "The acquisition by Rigaku strengthens Osmic's ability to more quickly bring new products to market and all of us at Osmic welcome the opportunity to work closely with a world-class company like Rigaku," said John H. Carosella, Osmic President and Chief Operating Officer. Osmic is a leading producer of X-ray optics. The Company's products are used worldwide in analytical instruments used for material analysis; and for advanced research in microlithography, medical sample analysis and high-energy physics. Osmic joins the US operations of Rigaku, which include Rigaku/USA, Inc. and Molecular Structures Corporation, The Woodlands, Texas. Rigaku International Corp. is the world leader in X-ray analytical & industrial technology.