To expand its services business for independent eye care professionals in the United States, particularly on the West Coast, Essilor of America acquired a majority stake in OOGP, one of the five largest contact lens distributors in the US. Created in 1985, OOGP has three distribution centers in Oregon, Alabama and Hawaii and will contribute $50 million in full-year revenue.
Essilor of America also acquired a controlling interest in KBco, one of the largest polarized lens distributors in the United States. Created in 1987, KBco is based in Centennial, Colorado and has annual sales of $31 million. A recognized specialist in polarized lenses for the US ophthalmic optics industry, KBco markets a broad range of products for retail chains and independent eye care professionals. The acquisition has enhanced Essilor's portfolio of value-added corrective sun lenses and expanded its presence in the fast growing polarized segment.
Essilor subsidiary Essilor Canada acquired a majority stake in Optique Cristal, a Quebec-based prescription laboratory.
In France, Essilor expanded its international network of wholesale distributors by acquiring a majority stake in the Novacel group, which has EUR39 million in revenue. Founded in 1994, Novacel distributes a full range of lenses under its own brands in France and other European countries and operates a prescription laboratory.
The Company's European prescription laboratory network was also strengthened with the acquisition of independent laboratories Sinclair Optical Services and United Optical in the United Kingdom.
In Norway, the Company acquired SentralSlip, a lens edging and mounting laboratory that has become a local BBGR and Nikon lens distributor.
Lastly, a subsidiary was created in Serbia during the year.
Essilor International acqui
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