June 22, 2018 / 7:25 PM / 5 months ago

Italy's Luxottica buys sun lens maker Barberini for 140 mln euros

MILAN, June 22 (Reuters) - Ray-Ban owner Luxottica said on Friday it had bought the world’s top manufacturer of optical glass sun lenses Barberini in a 140 million euro ($163 million) deal.

“The transaction allows the group to strengthen its know-how in glass sun and prescription lenses, which is considered the most valuable among optical materials,” Luxottica said in a statement.

Milan-based Luxottica, the world’s biggest eyewear group, is expected to close soon its merger with French lens manufacturer Essilor agreed at the start of last year.

$1 = 0.8578 euros Reporting by Valentina Za; Editing by Mark Potter

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