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Hoya to buy Seiko Epson eyeglass lens ops, targets global expansion
November 16, 2012 / 6:20 AM / 5 years ago

Hoya to buy Seiko Epson eyeglass lens ops, targets global expansion

TOKYO, Nov 16 (Reuters) - Hoya Corp said on Friday it will take control of Seiko Epson Corp’s eyeglass lens development and manufacturing business as part of a partnership to expand sales of eyewear products globally.

Hoya, which did not disclose the deal price, said it will first take a 30 percent stake in Seiko’s wholly owned subsidiary Seiko Optical Products Co on Feb. 1 next year and will take an additional 20 percent of the eyeglass lens maker on March 31, 2014. (Reporting by Tokyo Newsroom; Editing by Michael Watson)

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