Business in the Burbs

AFP Imaging sells unit to Italian company

July

AFP Imaging Corp., an Elmsford-based supplier of medical imaging systems, said that it sold its Italian Quantitative Radiology subsidiary to Cefla Capital Services SpA in a stock transaction.

Cefla’s dental group, based in Imola, Italy, is a major manufacturer of dental equipment. AFP said that it will use the proceeds from the sale to reduce debt, increase working capital and better position the company for expansion. Financial terms of the sale were not disclosed.

This entry was posted on Friday, July 31st, 2009 at 1:45 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Acquisitions

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