All Corporate articles – Page 39
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The acquisition of Bausch + Lomb by Valeant Pharmaceuticals International...
The acquisition of Bausch + Lomb by Valeant Pharmaceuticals International is now completed. As reported previously by Eyewear Intelligence, the Canadian company will pay $4.5 billion in cash to the current owners, an investor group headed by the private equity firm Warburg Pincus, and another $4.2 billion in cash to ...
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Vistakon, a divison of Johnson & Johnson Vision Care, is...
Vistakon, a divison of Johnson & Johnson Vision Care, is investing $218 million over three years to expand the production and refurbish existing lines for its Acuvue contact lenses in south Jacksonville, Florida. The expansion plan is expected to add 100 people to the 1,800 the company currently employs in ...
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A.T. Cross has announced the completion of the sale of...
A.T. Cross has announced the completion of the sale of its legacy Cross pen business to a newly-formed affiliate of Clarion Capital Partners for $60 million in cash. Taking into account some seasonal working capital adjustments and taxes associated with the sale, A.T. Cross has received proceeds of around $54 ...
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Reverse Engineering, a technology company based in Lisbon, Portugal, has...
Reverse Engineering, a technology company based in Lisbon, Portugal, has reportedly formed a new division called ReverseOptics LLC and has created a new office in the U.S. to serve the eyecare and eyewear business there. ReverseOptics, which specializes in 3D scanning, augmented reality and 3D modeling technology, said that it ...
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Luneau Technology, the French-based company that develops, manufactures and markets...
Luneau Technology, the French-based company that develops, manufactures and markets Briot and Weco edgers and Visionix refraction and diagnostic equipment, has made an unspecified capital investment in Latham & Phillips Ophthalmic, a service company based in Columbus, Ohio. Luneau says the move is expected to expand the visibility of the ...
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Specsavers has acquired Healthcall Optical Services, one of the largest...
Specsavers has acquired Healthcall Optical Services, one of the largest providers of eye care for the housebound in the U.K., paying an undisclosed amount. Healthcall sends out its mobile opticians to conduct eye tests at the customer's home or care home free of charge, as the British National Health Service ...
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Schneider has acquired Team Heinrich & Krall, a German manufacturer...
Schneider has acquired Team Heinrich & Krall, a German manufacturer of optical equipment, founded in1992 by Dieter Heinrich and Jürgen Krall, that has developed innovative automated solutions for deblocking, cleaning and tinting ophthalmic lenses. It has around 300 machines installed around the world. Heinrich and Krall will continue as joint ...
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David Moulsdale has agreed to make a significant investment in...
David Moulsdale has agreed to make a significant investment in his chain, Optical Express, as part of a settlement of its debts with The Royal Bank of Scotland. According to a local report, Moulsdale owed more than £30 million (€34.8m-$46.5m) to the Scottish bank. The chain closed down 40 stores ...
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The owners of Bushnell have apparently made some progress in...
The owners of Bushnell have apparently made some progress in their efforts to sell the company with a high capital gain. According to various reports, ATK is in advanced discussions over the acquisition of the American optics company in a deal that would value it at around $1 billion. The ...
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Mister Spex has bought two Swedish online eyewear retailers, Lensstore...
Mister Spex has bought two Swedish online eyewear retailers, Lensstore and Loveyewear, to speed up its international expansion. Total annual sales for all three companies are expected to reach €48 million in 2013. Lensstore sells contact lenses with a major focus on Sweden, Norway and Finland. Loveyewear offers prescription frames ...
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Kirk Originals has closed down its store on Conduit Street...
Kirk Originals has closed down its store on Conduit Street in London and signed a license for the U.K. market with Optoplast Actman Eyewear. These moves follow the appointment of David Wilkinson, one of the numerous shareholders of Kirk Originals, as the latter's chief executive. The founder and former managing ...
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News briefs
Hoya has decided to invest in InnFocus, a company that...
Hoya has decided to invest in InnFocus, a company that has developed a small tube used to treat open angle glaucoma. The tube is made of a soft biocompatible material and is designed to significantly reduce operation time. Test trials with the tube have already received the CE mark in ...
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News briefs
Essilor Germany announced on June 11 that it would stop...
Essilor Germany announced on June 11 that it would stop producing mineral glasses at its production site in Rathenow, from Dec. 31. However, Essilor will continue to manufacture high-value organic glasses in Rathenow. During the past couple of years, mineral glasses have increasingly become a niche product. Therefore, the company ...
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Essilor has carried out the private placement of $300 million...
Essilor has carried out the private placement of $300 million worth of notes with 18 investors in the U.S. The senior unsecured notes will help refinance a bank loan due in 2014, while extending the maturity of its debt and broadening its base of investors. The maturities of the notes ...
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Short stops
Zeiss has announced the planned acquisition of Xradia, a medium-sized...
Zeiss has announced the planned acquisition of Xradia, a medium-sized U.S. company that has developed innovative 3D X-ray microscopes for industrial and academic research applications
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News briefs
The shareholders of Bushnell Outdoor Products, the American company that...
The shareholders of Bushnell Outdoor Products, the American company that produces binoculars and owns important brands of sunglasses and sports eyewear such as Bollé, Cébé and Serengeti, reportedly accepted bids until the end of this week for the takeover of the company. Shareholders were reportedly seeking a valuation of as ...
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Knecht & Müller, exclusive distributor of Hoya in Switzerland and...
Knecht & Müller, exclusive distributor of Hoya in Switzerland and one of Switzerland's leading lens manufacturers, announced at the beginning of June that the operational and financial control of the company is again 100 percent in the hands of the Müller-Knecht family. This follows the recent departure of the company's ...
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Essilor has announced a proposal to turn its traditional surfacing...
Essilor has announced a proposal to turn its traditional surfacing laboratory at Thornbury near Bristol in the U.K. into a digital surfacing platform that will focus on the manufacturer's high-end brands and lens products such as the Varilux S Series. The company stated that discussions are under way with staff ...
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Essilor International and the Wenzhou Medical University in China have...
Essilor International and the Wenzhou Medical University in China have joined forces to establish the Wenzhou Medical University-Essilor International Research Center (WEIRC), a research platform with a focus on myopia. As a first step, the platform will concentrate on myopia in children, and specifically on its etiology, epidemiology and the ...
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News briefs
Eyewear Designs is relocating to a larger space of 50,000...
Eyewear Designs is relocating to a larger space of 50,000 square feet in a recently renovated building on the site of the former Grumman Aerospace Corporation in Bethpage, New York. Phone numbers and email addresses remain the same.
