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Essilor International SA Acquires Eight Businesses

Wednesday, 19 Jun 2013 01:30am EDT 

Essilor International SA announced that it has signed eight transactions to acquire operations in the United States, Brazil, South Africa, India and Asia representing combined annual revenue of around EUR 30 million. In the United States, a majority interest has been acquired in two prescription lens laboratories, Prodigy Optical in Oklahoma, with annual revenue of around USD 3.5 million, and e.magine Optical in Minnesota, with annual revenue of around USD 3 million. In Brazil, the Company is extending its geographic coverage by forging its first series of partnerships in the State of Minais Gerais through the acquisition of a majority interest in two prescription laboratories based in Belo Horizonte, PSA Nilo and Optiminas, with annual revenue of EUR 6.7 million and EUR 3.7 million respectively. In the sun lenses segment, Essilor has acquired a majority stake in Onbitt, a South Korean manufacturer of polarized films for ophthalmic lenses, which generates annual revenue of EUR 5 million. In Taiwan, Essilor has acquired a majority share in Shih Heng. Shih Heng will be in charge of developing the Kodak and BBGR brands in Taiwan. In India, Essilor has acquired a majority stake in Deepak Optic, a wholesaler with annual revenue of around EUR 1 million. Lastly, in South Africa, Essilor has acquired a majority interest in Spherical Optics. In addition, Essilor has completed the previously announced acquisitions of Servi Optica in Colombia and Isbir in Turkey. 

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