CLEVELAND, OHIO – Ripley Tools, a portfolio investment of Cleveland-based private equity firm CapitalWorks, LLC, announced today the acquisition of Optical Design Manufacturing Inc. (“ODM”), a designer and manufacturer of quality fiber optic testing equipment. ODM’s electronics expertise will expand Ripley’s current product offering and provide additional solutions to customers of their Miller® brand fiber optic cable preparation tool line. Terms of the deal were not disclosed.
With the Miller® brand, Ripley Tools is the global leader in the design and manufacture of cutting, stripping and cable preparation tools in the fiber optic and telecommunications industries. “United by a common goal of producing high quality, innovative solutions for the fiber optic professional, we are excited for the opportunities this acquisition brings. I am confident we will increase the value to both Ripley and ODM customers while enhancing future growth and performance.” Christian Festa, President and CEO Ripley Tools, LLC.… Read this article