LightPath agrees to sell China unit for $4.5 million
LPTH•Impact on manufacturing footprint and revenue
The deal removes LightPath’s manufacturing footprint in China. The buyer will supply products as a third-party vendor for commercial customers in the U.S. and Europe.
The China operation generated about $4.5 million in average annual third-party revenue in fiscal 2025 and fiscal 2026, which will drop from consolidated results.
LightPath to sell China subsidiary to local management entity
LightPath Technologies agreed to sell its China subsidiary, LightPath (Zhenjiang) Optical Instrumentation, to an entity owned by local management.
The price was set at $4.5 million, payable in installments over five years following closing, and completion is expected in the coming weeks.
