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Meade Instruments completes merger with Sunny

Staff writer ▼ | December 16, 2013
Meade Instruments completed the merger agreement with Sunny Optics (SOI) and Sunny Optics Merger Sub, a wholly-owned subsidiary of SOI, both of which are affiliates of Ningbo Sunny Electronic Co., Ltd.
Meade Instruments
Meade InstrumentsMeade Instruments completed the merger agreement with Sunny Optics (SOI) and Sunny Optics Merger Sub, a wholly-owned subsidiary of SOI, both of which are affiliates of Ningbo Sunny Electronic Co., Ltd.


Ningbo Sunny Electronic Co., Ltd. develops, makes and sells sport and outdoor optical products, such as binoculars, telescopes, research grade microscopes, spotting scopes, riflescopes and diverse optical components and accessories. Sunny's manufacturing facility is located in Zhejiang, China and is equipped with first-grade, ISO9001 certified, production facilities, and advanced environmental and optical testing devices.

Meade Instruments will be led by Joseph A. Lupica as Chief Executive Officer. He brings over 25 years of experience in the Optical Industry and is eager to lead the current management team. Meade will continue to meet all financial obligations, honor all product warranties and support product from its North American headquarters. Dealers and distributor networks worldwide shall remain unchanged.

"With the completion of the merger management and manufacturing team can now focus on delivering and supporting the kinds of products that Meade has long been known such as our MAXII, LX850, LX600, LX200, LX90, LightSwitch, Coronado and ETX series of telescopes," said Meade’s CEO Joseph A. Lupica.

Peter Ni, CEO Sunny Optics, Inc. states, "This is a tremendous opportunity for both companies. It is my desire that Meade will be managed by Joe Lupica and that Meade continue to maintain its North American sales, marketing and manufacturing facilities. Where possible, Sunny Optics will offer its support to optimize the vertical integration of both companies."


 

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