Isonics Shops Life Sciences Division For $850,000
Isonics Corp., a manufacturer of materials and products for the homeland security and semiconductor markets, announced Monday that it has completed the sale of its Life Sciences division to an undisclosed buyer for $850,000. Isonics said it expects to record a gain on the transaction, noting that net proceeds—after retirement of related debt and sale expenses—will be approximately $700,000. Isonics also said it shopped its Life Sciences division as part of its plan to achieve operating profitability by focusing on core businesses. Isonics is headquartered in Golden, Colorado.
posted on Monday, June 18, 2007
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