News Article
CVD Equipment sells off former corporate HQ
On April 5th, 2013 CVD Equipment Corporation completed the sale of its 50,000 square foot facility located at 1860 Smithtown Avenue, Ronkonkoma, New York where its former corporate headquarters had been located.
The sale price of the premises was $3,875,000, representing an estimated profit of approximately $900,000 to CVD.
Leonard Rosenbaum, President and Chief Executive Officer comments, “The sale closes a chapter of our company’s history and highlights a new chapter as our attention and efforts are focused towards increased sales and operations in our new 130,000 square foot facility where we will be expanding our i) Equipment manufacturing and Nano material manufacturing capabilities, ii) Pilot production process development and demonstration for the transformation of nano materials to macro sized materials and iii) Joint business/technology developments for products enabled by nano materials to be marketed through our wholly owned subsidiary, CVD Materials Corporation.”
CVD Equipment Corporation) is a designer and manufacturer of customised and standard equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. The firm's CVD, deposition, gas control, and other equipment is used in the growth of many materials and devices including LEDs, solar cells and III-V nanowires.
The sale price of the premises was $3,875,000, representing an estimated profit of approximately $900,000 to CVD.
Leonard Rosenbaum, President and Chief Executive Officer comments, “The sale closes a chapter of our company’s history and highlights a new chapter as our attention and efforts are focused towards increased sales and operations in our new 130,000 square foot facility where we will be expanding our i) Equipment manufacturing and Nano material manufacturing capabilities, ii) Pilot production process development and demonstration for the transformation of nano materials to macro sized materials and iii) Joint business/technology developments for products enabled by nano materials to be marketed through our wholly owned subsidiary, CVD Materials Corporation.”
CVD Equipment Corporation) is a designer and manufacturer of customised and standard equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. The firm's CVD, deposition, gas control, and other equipment is used in the growth of many materials and devices including LEDs, solar cells and III-V nanowires.
