Foba Laser Marking and Engraving
At the time of the transaction Gerber Scientific Inc. (formerly NYSE: GRB) served three markets. The company provided printing equipment, software and related supplies to customers in the sign making and specialty graphics industry; design and cutting equipment and software to customers in the apparel and industrial markets and processing equipment, software and related supplies to customers in the ophthalmic lens processing industry.
Following the acquisition of Virtek Vision International, Gerber elected to divest the FOBA business unit, a provider of specialized laser marking and engraving machines, that was acquired in the acquisition.
RA Capital advised Gerber on the development of effective strategies for a divestiture and led a sales process with multiple bidders and interested parties. FOBA was ultimately sold to ALLTEC, a division of Danaher Corp.
