Globe Precision, the maker of eyewear accessories with a factory in Shenzhen and office in Hong Kong, is now fully owned by OBE, the German specialist in components for eyewear frames, effective April 1. OBE said a consultancy agreement has been established with Ching Lan, the former shareholder, to ensure a smooth transition from a previous joint venture status. In the Asian market, Globe will continue to offer a flexible portfolio of tailor-made hinges, in addition to the current range of products, says OBE. Including the 250 employees in Shenzhen, OBE will have a global staff of 450 people including its manufacturing site in Germany and sales subsidiaries in Italy, Mainland China and Hong Kong.

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