January 6, 2012 / 6:56 AM / 8 years ago

Essilor buys U.S. lab, signs partnerships

PARIS, Jan 6 (Reuters) - Essilor, the world’s largest maker of corrective eye lenses, said it had bought a majority stake in a California-based laboratory and signed partnerships in Tunisia, Morocco, Brazil and the Dominican Republic.

The moves are intended to strengthen Essilor’s presence in fast-growing markets.

“These various transactions, which represent aggregate annual revenue of around 21 million, give Essilor a foothold in three new countries and significantly increase the company’s exposure in these high-growth regions,” Essilor said in a statement. (Reporting by Leila Abboud)

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