All Corporate articles – Page 33
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News briefs
Hillair Capital Investments has exercised an option to subscribe to...
Hillair Capital Investments has exercised an option to subscribe to additional shares in PFO Global, the American company led by Ruedi Suter, resulting in a total investment to date of $5.8 million, with an option to invest an additional $2.1 million by converting a new five-year bond carrying 8 percent ...
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Delfin, the holding company of Leonardo Del Vecchio, the largest...
Delfin, the holding company of Leonardo Del Vecchio, the largest shareholder in Luxottica, has bought a 13% interest in Luxair, the airline company in Luxembourg, from Lufthansa
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News briefs
Essilor continues to acquire buying groups in the U.S. After...
Essilor continues to acquire buying groups in the U.S. After its recent takeover of Vision Source, the largest alliance of independent opticians, its Essilor of America subsidiary has acquired a majority stake in the Professional Eyecare Resource Co-Operative (PERC) and Infinity Vision Alliance (IVA), which make purchases in behalf of ...
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Vision Ease has acquired Korea-based Daemyung Optical (DMO). The terms...
Vision Ease has acquired Korea-based Daemyung Optical (DMO). The terms of the transaction were not disclosed. The acquIsition will enable Vision Ease to expand its ophtalmic lens product portfolio and its distribution capabilities to high-growth markets throughout Asia. Wind Point Partners, Vision Ease's investor, backed the acquisition as part of ...
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Mad Vision, a new wholesale company, has been launched in...
Mad Vision, a new wholesale company, has been launched in the U.S. through the collaboration of Guillaume Pottecher, an 18-year veteran in the optical sector, and Marc Aptakin, who owns Mad Studios, a South Florida-based advertising and marketing agency. Pottecher and Aptakin have joined forces to combine wholesale distribution with ...
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News briefs
MA Healthcare has completed the acquisition of Optician from Reed...
MA Healthcare has completed the acquisition of Optician from Reed Business Information. The Optician brand includes working with the Federation of Manufacturing Opticians to stage the Optrafair exhibition. Following the acquisition, Optician has now moved to its new office in Herne Hill, London. MA Healthcare, part of the Mark Allen ...
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News briefs
Julbo has become the only sports brand in Europe with...
Julbo has become the only sports brand in Europe with an in-house laboratory to make corrective lenses for its sports glasses. Like other brands of sports eyewear, it was previously outsourcing the process to an outside laboratory. Following an investment completed in April, Julbo's lab has a capacity to make ...
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News briefs
Dita Group of Los Angeles has acquired the Christian Roth...
Dita Group of Los Angeles has acquired the Christian Roth brand of eyewear. Roth and his partner, Eric Domege, will continue as creative directors of the luxury eyewear brand, which they founded in 1984. The Christian Roth collection will be sold by the Dita Group, which has been expanding internationally ...
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News briefs
Ocuco has acquired the optical software business of Retail Planit,...
Ocuco has acquired the optical software business of Retail Planit, including the company's name and brands, for an undisclosed amount. Retail Planit is based in Denmark and serves the Scandinavian market, with wholly-owned subsidiaries operating in Norway and Sweden. Its Optitec RS optical software package will be integrated with Ocuco's ...
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News briefs
The Luneau Technology Group, owner of Briot, Weco and Visionix,...
The Luneau Technology Group, owner of Briot, Weco and Visionix, has announced its merger of its U.S. subsidiary with AIT Industries, an American distributor of ophthalmic equipment and instruments based in Bensenville, Illinois. Joe Vulich, president of AIT Industries, will serve as president and general manager of the new, combined ...
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News briefs
Marchon Eyewear has formalized the full takeover of its operations...
Marchon Eyewear has formalized the full takeover of its operations in Australia and New Zealand. General Optical (GenOp), its distribution partner in Australia since 1987, and Marchon Australia have become wholly-owned subsidiaries of the U.S. company. This coincides with the retirement of Peter Lewis, founder and chief executive of GenOp, ...
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Optovision, the German producer of free-form lenses, is investing nearly...
Optovision, the German producer of free-form lenses, is investing nearly €6 million to modernize its laboratory in Langen, which employs 400 people
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News briefs
Hilco Vision, a provider of optical solutions that is particularly...
Hilco Vision, a provider of optical solutions that is particularly strong in the U.K. and the U.S., and its new majority shareholder, Blue Point Capital Partners, have taken over two German companies, Breitfeld & Schliekert (B&S) and Lexxoo International. B&S is the largest supplier of eyewear components in Germany. Lexxoo ...
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MEI has moved its U.S. sales subsidiary into larger premises...
MEI has moved its U.S. sales subsidiary into larger premises in Wood Dale, Illinois
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Ocuco has acquired the optical business of Acumenex, provider of...
Ocuco has acquired the optical business of Acumenex, provider of e-commerce solutions to chains, insurers and independent eyecare practitioner in North America. For Ocuco, a Dublin-based optical software company that provides software to clients in 39 countries, the move is part of its global omni-channel strategy for independent and chain ...
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News briefs
Allergan has signed a deal for the acquisition of Oculeve,...
Allergan has signed a deal for the acquisition of Oculeve, an Irish medical device company that is developing treatments for the dry eye disease. It will pay $125 million upfront and more depending on revenues from Oculeve's OD-01 development program. The transaction is expected to close in the third quarter of 2015, depending ...
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Allison has recently announced plans to move its headquarters from...
Allison has recently announced plans to move its headquarters from Padua around 120 kilometers away to Volta Mantovana, where it owns an empty factory. The transfer is scheduled for mid-December this year. The current facility in Padua is home to 120 employees, who have been asked to indicate whether they ...
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News briefs
Valeant Pharmaceuticals, parent company of Bausch & Lomb, has signed...
Valeant Pharmaceuticals, parent company of Bausch & Lomb, has signed a definitive agreement for the takeover of Unilens Vision of Largo, Florida, a company that develops, licenses, manufactures, distributes and markets contact lenses, primarily under the C-Vue brand. Valeant has agreed to give Unilens an enterprise value of about $28 million, including ...
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Johnson & Johnson Vision Care intends to expand its facility...
Johnson & Johnson Vision Care intends to expand its facility in Jacksonville, Florida. The plan, which is said to be accompanied by a capital investment of $301 million, would create 100 new jobs. The company currently employs about 2,000 people in the town. As part of this project, Johnson & ...
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PFO Global has announced the completion of a merger of...
PFO Global has announced the completion of a merger of PFO Acquisition Corp. with its wholly-owned subsidiary Pro Fit Optix Holding Co., resulting in the emergence of PFO Global as a publicly traded company. It will continue to be headed up by Rudolf Suter as chief executive, Charles Posternack as ...
