CHARENTON-LE-PONT, France, October 2 /PRNewswire-FirstCall/ -- Essilor of America, a subsidiary of Essilor International, has acquired a majority stake in KBco, one of the largest polarized lens distributors in the United States.
Created in 1987 and based in Centennial, Colorado, KBco generates sales of around $31 million. A recognized specialist in polarized lenses for the US ophthalmic optics industry, it supplies retail chains and eye care professionals with a broad offering of innovative high quality products.
The acquisition enhances Essilor's portfolio of value-added corrective sun lenses and expands its presence in the fast-growing polarized segment.
KBco will keep its current management team.
Essilor International is the world leader in ophthalmic optical products, offering a wide range of lenses under the flagship Varilux(R), Crizal(R), Airwear(R), Definity(TM) and Essilor(R) 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.
Investor Relations and Financial Communications
Copyright©2007 PR Newswire.
All rights reserved