CHARENTON-LE-PONT, France, January 10 /PRNewswire-FirstCall/ -- Essilor of America, Essilor International's US subsidiary, has strengthened its prescription laboratory network in the United States with the acquisition of Interstate Optical Co., one of the country's five largest independent laboratories. Interstate's two laboratories in Mansfield, Ohio and Indianapolis, Indiana serve eye care professionals in 32 states. The company has full-year sales of US$26 million and 210 employees.
Present for more than 20 years in Brazil through a distribution
subsidiary, one plant and five lens treatment centers, Essilor has made its
first local acquisition in line with its downstream integration policy with
an equity investment in Unilab, a prescription laboratory in northeastern
Brazil. Essilor will gradually increase its share in Unilab to 51% by early
2011. Unilab generates full-year sales of approximately US$5 million and
distributes Essilor products, including the Varilux(R) range.
Both Interstate and Unilab will continue to be headed by their current management teams.
Essilor International is the world leader in ophthalmic optical
products, offering a wide range of lenses under the flagship Varilux(R),
Crizal(R), Essilor(R) and Definity(TM) brands to correct myopia, hyperopia,
presbyopia and astigmatism. Essilor operates worldwide through 15
production sites, 244 lens finishing laboratories and local distribution
networks. The Essilor share trades on the Euronext Paris market and is
included in the CAC 40 index. Codes and symbols: ISIN: FR 0000121667;
Reuters: ESSI.PA; Bloomberg: EF.FP.
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