Essilor International SA in Talks With PPG About Transitions Optical Joint Venture

Tuesday, 15 Jan 2013 02:47am EST 

Essilor International SA announced that it has been in discussions with PPG Industries Inc (PPG) about the future of their joint venture Transitions Optical, a photochromic lens maker. Discussions are likely to continue for several months. Essilor holds a 49% interest in Transitions Optical which was formed in 1990 while PPG is the majority shareholder, holding a 51% interest in the joint venture companies. While the discussions between PPG and Essilor continue, Transitions Optical intends to continue to operate its business without interruption.