Meade Instruments, a designer and manufacturer of telescopes and optical accessories for both professional and amateur astronomy enthusiasts worldwide, announced the completion of a merger agreement with Sunny Optics, Inc. (SOI) and Sunny Optics Merger Sub, Inc., a wholly-owned subsidiary of SOI, both of which are affiliates of Ningbo Sunny Electronic Co., Ltd., collectively known as Sunny.
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 ISO9001-certified production facilities and advanced environmental and optical
testing devices.
Meade Instruments will be led by Joseph A. Lupica as chief executive officer. Lupica brings more than 25 years of experience in the optical industry. Meade will continue to meet all financial obligations, honour all product warranties and support products from its North American headquarters. Dealers and distributor networks worldwide shall remain unchanged.
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