All Corporate articles – Page 34
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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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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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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 ...
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The “Safilo Product School,” a German-style apprentice program, will kick...
The “Safilo Product School,” a German-style apprentice program, will kick off on Sept. 14. Nine participants, selected among about 200 applicants, will start a three-year apprenticeship with the Italian company.
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Intel continues to expand into the wearable categories with the...
Intel continues to expand into the wearable categories with the acquisition of Recon Instruments, a maker of smart eyewear for sports and high-intensity environments. Recon, based in Vancouver, Canada, is the company behind the first heads-up display product for sports eyewear. Recon was already an Intel Capital portfolio company, following ...
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Verbal, a French optical glazing laboratory near Strasbourg, has closed...
Verbal, a French optical glazing laboratory near Strasbourg, has closed its doors, blaming the new, more restrictive French guidelines for reimbursement of ophthalmic lenses by the mutual funds. The laboratory was apparently too small, employing 22 people for an annual turnover of €3 million. It belongs to a group that operates ...
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A court in Edinburgh, Scotland has finalized Nikon's acquisition of...
A court in Edinburgh, Scotland has finalized Nikon's acquisition of Optos, the Scotland-based retinal imagining firm. The deal was first announced in February this year. Optos' shareholders will receive 340 pence in cash. Trading in Optos shares on the London Stock Exchange's main market for listed securities and the listing ...
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BBGR and Nikon have announced a new industrial a commercial...
BBGR and Nikon have announced a new industrial a commercial partnership, which will be limited for the moment to France. Nikon's high-index technology will be integrated in BBGR's production and development center in Provins to manufacture some of Nikon's ophthalmic lenses. The site will also link with NIkon's optical surface ...
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The Austrian-based Michael Pachleitner Group (MPG) has invested more than...
The Austrian-based Michael Pachleitner Group (MPG) has invested more than €2.5 million to upgrade the technical and software structure of its Schulz lens laboratory at Glücksburg, Germany. The measuring and polishing technologies, in particular, have been refined.
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Marchon has inaugurated a new corporate headquarters in Mexico City....
Marchon has inaugurated a new corporate headquarters in Mexico City. On that occasion, Marchon presented a collaborative retail project together with Carl Zeiss Vision and CooperVision. It was described as a concept store intended to help eye care professionals to use more modern sales methods and services.
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GlassesUSA.com has raised $12.5 million in a financing round led...
GlassesUSA.com has raised $12.5 million in a financing round led by Viola Private Equity, a member of the Viola Group. The funding will be used by the Israel-based retailer to accelerate the company's expansion. The global e-commerce company sells online discounted prescribed eyewear, offering both branded and private-label products. Founded ...
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Ørgreen and Claire Goldsmith signed up several new accounts at...
Ørgreen and Claire Goldsmith signed up several new accounts at the recent International Vision Expo fair in New York, following the establishment of a joint new distribution company for the U.S. market, headed up by Matthew Reiss and called Ørgreen + Goldsmith. Our article about their new partnership in the ...
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OWP Brillen has acquired Op Couture Brillen, including its well-known...
OWP Brillen has acquired Op Couture Brillen, including its well-known Cazal brand of eyewear, from the family of its founder, Harald Böttcher. The two German companies are both based in Passau. Run by Werner Paletschek, OWP stands for Optische Werke Passau. It covers the medium segment of the market with ...
