Tap to enable a layout that focuses on the article.
Advertisement
Business

Subsidiary Divested

L.A. Times Archives

IRVINE — Laser manufacturer Trimedyne Inc. said Monday that it has completed the sale of its 90% owned subsidiary Poly-Optical Products Inc. for cash to privately held Remote Source Lighting International Inc., in Raleigh, N.C.

Trimedyne expects to record a gain of about $700,000 in the current quarter as a result of the sale.

Poly-Optical manufactures plastic fiber-optic devices in the automotive, industrial and medical fields.

Advertisement

More to Read

BusinessTechnology & the Internet

Inside the business of entertainment

The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.

By continuing, you agree to our Terms of Service, which include arbitration and a class action waiver. You agree that we and our third-party vendors may collect and use your information, including through cookies, pixels and similar technologies, for the purposes set forth in our Privacy Policy such as personalizing your experience and ads.

More From the Los Angeles Times

Most Read in Business

Advertisement
Advertisement