All Corporate articles – Page 43
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News briefs
The number of outstanding shares of Coastal Contacts trading on...
The number of outstanding shares of Coastal Contacts trading on the Toronto Stock Exchange will be down to approximately 28.3 million as of Sept. 5, compared with 56.7 million before. This will be the result of a consolidation of its common shares on a a one-for-two basis that had been ...
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News briefs
Bugatti Eyewear was acquired by Fidéla on June 29. The...
Bugatti Eyewear was acquired by Fidéla on June 29. The French company had been previously acquired in December 2009 by Mythic, who itself got the license from Augar. Fidéla is particularly interested in the market position of the Bugatti brand in the Middle East and Asia. Like the legendary car ...
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News briefs
Daniel Abittan, the founder of Acuitis, Grand Optical and Photo...
Daniel Abittan, the founder of Acuitis, Grand Optical and Photo Services in France, has moved into the sector of funeral services. Argos Soditic, a Parisian private equity firm, has sold its stake in Roc-Eclerc, France's second-largest provider of funeral services, to Abittan and his management team. The firm bought Roc-Eclerc ...
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News briefs
The European Commission has approved Lion Capital's acquisition of a...
The European Commission has approved Lion Capital's acquisition of a controlling stake in Alain Afflelou Group under the EU Merger Regulation. Afflelou himself, a 64-year-old former optician who founded the company 40 years ago, retains a 22 percent stake. The price of the transaction has been reported at €800 million, ...
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News briefs
Bausch + Lomb has launched a tender offer to purchase...
Bausch + Lomb has launched a tender offer to purchase up to $300 million of its outstanding 9 7/8 percent senior notes due 2015. The offer will expire at 11:59 p.m., New York time, on Aug. 17, unless extended or terminated earlier. Holders who validly tender (and do not validly ...
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News briefs
Hoya Corporation has increased the capital of a subsidiary in...
Hoya Corporation has increased the capital of a subsidiary in Hong Kong, Hoya Optical (Asia) CP, by US$12 million. The Japanese company said the move was intended to establish the appropriate organization to deal with the continued growth in demand expected by China and other developing countries.
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News briefs
Het Huis, the Dutch chain of high-end optical retail stores...
Het Huis, the Dutch chain of high-end optical retail stores controlled by Hans Anders, is joining the Hal galaxy. Brilmij Groep, a subsidiary of GrandVision, has acquired 100 percent of the shares in Optical Service Group, which operates 89 Het Huis stores directly and 18 others as franchises. With 350 ...
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News briefs
Essilor has established a new committee of European experts to...
Essilor has established a new committee of European experts to work on protection from ultraviolet (UV) radiation. The group, which met for the first time at the Leibniz Institute in Düsseldorf, Germany, on June 21-22, aims in particular to set the necessary references for the Eye-Sun Protection Factor (E-SPF), so ...
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News briefs
Jai Kudo has set up its manufacturing laboratory in Leeds,...
Jai Kudo has set up its manufacturing laboratory in Leeds, England. The British company, which manufactures and distributes frames and contact lenses throughout Europe and the world, will now have a 100 percent European production, aimed at guaranteeing the highest quality standards. The company warned about possible delays in the ...
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Short stops
Bausch & Lomb has completed the acquisition of ISTA Pharmaceuticals...
Bausch & Lomb has completed the acquisition of ISTA Pharmaceuticals for about $500 million, adding more than $150 million to its annual sales of prescription ophthalmology products
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News briefs
Rodenstock has announced that it is ending its lens surfacing...
Rodenstock has announced that it is ending its lens surfacing and coating operations in Kent, England, which will result in the loss of jobs for about 30 people. The company said that it could best meet predicted demand for advanced lenses by focusing its investments on the group's main European ...
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News briefs
Evonik Industries, the German creative industrial group, has announced that...
Evonik Industries, the German creative industrial group, has announced that it is raising its prices for all Plexiglas and Pleximid molding compounds. The increase will amount to €0.15 per kilogram. Evonik says that the continuing increase of raw material costs necessitated its price hike.
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News briefs
Essilor has been selected as one of the companies to...
Essilor has been selected as one of the companies to be included in the Euro Stoxx 50 Index, the main index for stocks in the Eurozone. Essilor ranks No. 34 in the free-float market-capitalization-weighted index, which is made up of 50 blue-chip stocks. Essilor is a member of several other ...
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News briefs
Since June, the KGS curatorship in Berlin is the new...
Since June, the KGS curatorship in Berlin is the new owner of the online platform kontaktlinsenforum.de. The platform has existed for nine years and counts over 7,000 community members. The website is a popular contact point for questions concerning the adjustment, usage and care of contact lenses. Previously, KGS was ...
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News briefs
Karavan Production has bought the brand and the stock of...
Karavan Production has bought the brand and the stock of Eye'DC, including its trademarks IDC, Eye DJ and Eye'D Vision. Karavan will start selling the products through its own infrastructure next year. Karavan has also signed a licensing deal with Jacadi to manufacture and distribute that brand's frames, with those ...
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News briefs
Coburn Technologies International, a subsidiary of Coburn Technologies, has bought...
Coburn Technologies International, a subsidiary of Coburn Technologies, has bought the patent and related intellectual property of UVMAX-QT, UVAR and related backside hard coating products and formulations. Three months ago Coburn licensed the distribution rights to the coatings from the owner, Solaris Optical Coatings, and calls the acquisition the natural ...
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News briefs
Knecht & Müller, a Swiss manufacturer of ophthalmic lenses with...
Knecht & Müller, a Swiss manufacturer of ophthalmic lenses with a big surfacing laboratory, has acquired Von Hoff, another Swiss company that represents Nidek as well as various important brands of frames in the country, including several lines of Charmant. The two companies will continue to operate independently under ...
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News briefs
Carl Zeiss Vision has established special relations with two U.S....
Carl Zeiss Vision has established special relations with two U.S. buying groups, Vision West and C&E Vision. It will provide their affiliated opticians with competitive pricing and various services to help them build their practices. The independent groups will have access to Zeiss' full range of lenses, coatings, lab services ...
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News briefs
PixelOptics has raised $7.03 million from 10 investors, coming almost...
PixelOptics has raised $7.03 million from 10 investors, coming almost 10 percent short of its target. The U.S. company, which markets emPower electronic focusing eyewear, had offered $7.7 million worth equity in the form of mixed securities in its latest round of financing.
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News briefs
Two people were killed in a March 31 fire at...
Two people were killed in a March 31 fire at Evonik's cyclododecatriene (CDT) plant at the Marl Chemical Park in Germany. CDT is a base material used in plastics manufacturing – it makes laurolactam, which is used as a monomer in polyamide 12. This material is used in Evonik's Vestamid, ...
