OCLI Buys Full Ownership of Flex Products

Thin film manufacturer Optical Coating Laboratory Inc. has signed a definitive agreement to acquire the 40% of outstanding stock of Flex Products Inc. from SICPA Holding S.A. for $30 million in cash. With this acquisition, OCLI will own 100% of the outstanding stock of Flex Products; in addition, the fifteen-year license and supply agreement between Flex Products and SICPA that was signed in November 1994 has been modified to increase minimum purchase requirements in light of strong demand for security pigments.

Flex supplies pigments for use in anti-counterfeiting applications, energy conserving window film for residential, commercial and automotive applications, and ChromaFlair light interference pigments for commercial paints.