Vision-Ease Lens has decided against its previous plan to go public, which it had formulated to the U.S. Securities & Exchange Commission back in October 2006. The turbulent stock market situation was cited as a reason for the move. Instead, the company will be refinanced with an injection of $117 million from Orix Leverage Finance of Dallas. Vision-Ease was bought in August 2004 by a limited partnership in Texas, Insight Equity A.P.X.
Meanwhile, Vision-Ease says it continues its efforts to reduce its carbon footprint. It has begun using 100 percent renewable energy at its Minnesota facility. All energy purchased for the site is generated through power sources such as wind, solar, hydroelectric and biomass. Last year, it converted all the lighting in its headquarters to energy-efficient fluorescent lighting.