Navigation Links
Shamir Optical Industry Purchases Remaining 49% of Altra Trading GmbH
Date:7/1/2008

Altra is a Wholly Owned Subsidiary of Shamir

KIBBUTZ SHAMIR, Israel, July 1 /PRNewswire-FirstCall/ -- Shamir Optical Industry Ltd. (Nasdaq: SHMR) ("Shamir"), a leading provider of innovative products and technology to the lens market, announced today that it has signed an agreement yesterday, June 30, 2008, pursuant to which it has purchased 49% of Altra Trading GmbH ("Altra") from its minority shareholder. Prior to this transaction, Shamir held 51% of the share capital of Altra, and upon consummation of the transaction, Altra became a wholly owned subsidiary of Shamir.

Under the terms and conditions of the agreement, Shamir will pay an amount derived from Altra's consolidated net profit for the fiscal years ending December 31, 2008, 2009 and 2010, not to exceed the total amount of Euro 500,000. In addition, Shamir has undertaken to guarantee the repayment by Altra of the loans it received from the minority shareholder from time to time, as well as the interest on such loans. The loans will be repaid in several payments to commence on the date of the closing of the transaction, with the final payment to be paid on June 30, 2011.

"We would like to thank our departing partner for his productive work, loyalty and dedicated service to Altra, and we wish him well in his future endeavors," said Eyal Hayardeny, chief executive officer of Shamir.

Mr. Hayardeny concluded, "I am pleased to announce the completion of this very important transaction. We are confident that it will enable us to better control and manage our European operations. Shamir is committed to increasing its footprint in Europe and it continues to make appropriate investments in leadership, marketing and sales."

About Altra:


'/>"/>

SOURCE Shamir Optical Industry Ltd.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Shamir Optical Industry Ltd. Reports First Quarter 2008 Results
2. Shamir Optical Industry Ltd. to Host Conference Call Announcing First Quarter 2008 Earnings Results
3. Shamir Optical Industry Ltd. Reports Fourth Quarter and Year-End 2007 Results
4. Shamir Optical Industry Ltd. to Host Conference Call Announcing Fourth Quarter and Year End 2007 Earnings Results
5. Shamir Optical Industry Ltd. to Host Conference Call Announcing Third Quarter 2007 Earnings Results
6. Essilor Agrees to Acquire Satisloh The World Leader in Optical Manufacturing Solutions
7. AUDIO from Medialink and Transitions Optical: What You Cant See May Harm You
8. Scientists in Japan design first optical pacemaker for laboratory research
9. Optical frequency comb can detect the breath of disease
10. Transitions Optical Promotes Healthy Sight Through a Nationwide Integrated Advertising Campaign and the Launch of an Enhanced Consumer Web Site
11. Optical Coherence Tomography Market to Top $800 Million by 2012
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/30/2015)... , ... August 30, 2015 , ... ... platforms and devices, today announced it is a Silver Sponsor of the Digital ... Sky City Convention Centre in Auckland, NZ. Throughout the event, AvePoint will showcase ...
(Date:8/30/2015)... ... August 30, 2015 , ... InHealth Media ( ... new Global Communications Director for InHealth Media. Mr. Spector comes with a ... 16 years doing on-air television, producing shows, on air-radio and media relations. ...
(Date:8/30/2015)... ... August 30, 2015 , ... Nutritional Products ... lead the expansion of global cosmeceutical and skin care brands. Mr. Fernandez ... the last 25 years working in operations, purchasing and management for some of ...
(Date:8/29/2015)... ... ... Rio Salado College President Chris Bustamante announced on Aug. 19 ... Initiatives and Information Services. O’Shea, who has served Rio Salado for the last two ... through innovative technologies and strategies. , “I am very proud to be able to ...
(Date:8/29/2015)... PA (PRWEB) , ... August 29, 2015 , ... On ... the Mesothelioma Applied Research Foundation (Meso Foundation) will present an educational program ... at 7:00 PM and lasts through 9:30 PM (doors open at 6:45pm) at Calvary ...
Breaking Medicine News(10 mins):Health News:AvePoint Showcases the Future of Enterprise Collaboration as Silver Sponsor of the Digital Workplace Conference in New Zealand 2Health News:AvePoint Showcases the Future of Enterprise Collaboration as Silver Sponsor of the Digital Workplace Conference in New Zealand 3Health News:AvePoint Showcases the Future of Enterprise Collaboration as Silver Sponsor of the Digital Workplace Conference in New Zealand 4Health News:InHealth Media Appoints New Global Communications Director 2Health News:NPI Executive Vice President Leads Cosmeceutical Expansion 2Health News:Rio Salado College Appoints New Vice President of Strategic Initiatives and Information Services 2Health News:Mesothelioma Applied Research Foundation to Hold Educational Class About Asbestos and Mesothelioma Prevention 2
... Snowblowers are a great tool for those who get lots ... your driveway clear, they can also leave your fingers in ... surgeon from Loyola University Health System in Chicago says that ... amputations and extensive rehabilitation. "Every winter, we get three or ...
... Dotinga HealthDay Reporter , FRIDAY, Dec. 31 (HealthDay ... at an increasingly young age, with about one-third of them ... old, researchers have found. There are some caveats about ... were born about a decade ago. And it,s not clear ...
... Gordon HealthDay Reporter , THURSDAY, Dec. 30 (HealthDay ... holiday parties, hangovers are not uncommon. And while folk remedies ... the misery of a hangover the morning after are time ... of a hangover -- drinking too much alcohol -- is ...
... , , , , , , , ... , , , ... can be. Now a study led by researchers... , Click here for more information. ... , , , , , , ...
... Reporter , THURSDAY, Dec. 29 (HealthDay News) -- Following mothers, ... major health crisis. Fears of the H1N1 flu virus ... fearing a widespread outbreak caused by short supplies of the ... experts believe that,s because more people than ever before regularly ...
... By Ellin Holohan HealthDay Reporter , WEDNESDAY, Dec. ... may lead to less satisfying marriages because couples can fail ... new research suggests. The study, done at Brigham Young ... sex while they were dating were more likely to communicate, ...
Cached Medicine News:Health News:In U.S., Obesity Afflicts Even Some of the Tiniest Tots 2Health News:In U.S., Obesity Afflicts Even Some of the Tiniest Tots 3Health News:'Hair Of The Dog' No Hangover Cure, Say Experts 2Health News:'Hair Of The Dog' No Hangover Cure, Say Experts 3Health News:Consistent exercise associated with lower risk of colon cancer death 2Health News:Consistent exercise associated with lower risk of colon cancer death 3Health News:Hand-Washing May Have Kept Flu at Bay 2Health News:Hand-Washing May Have Kept Flu at Bay 3Health News:Delaying Sex Might Strengthen Marriage 2Health News:Delaying Sex Might Strengthen Marriage 3
(Date:8/28/2015)... 28, 2015 According to a ... (Breast, Lung, Prostate) Type (Protein & Genetic Biomarkers) Profiling ... Prognostic) & Geography - Global Forecast to 2020", published ... reach around 17,689.0 Million USD by 2020 at a ... to 2020. Browse 191 Tables and ...
(Date:8/28/2015)... Aug. 28, 2015 Research ... of the "Investigation Report on China,s Tobramycin Market, ... is a traditional antibiotic whose eye drop and ointment ... of potential infection or inflammation caused by eye infection. ... are able to produce tobramycin, among which the ...
(Date:8/28/2015)... , Aug. 28, 2015 ... the addition of the "Investigation Report on ... their offering. Developed by Novo Nordisk, ... is an important drug for the treatment of ... a fast- acting insulin analog, starts working fast ...
Breaking Medicine Technology:Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 2Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 3Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 4Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 5Investigation Report on China's Tobramycin Market, 2015-2019 2China Insulin Aspart Market Report 2010-2019 - Developed by Novo Nordisk 2
... ISPE announced today that it has brought ... pharmaceutical industry leaders to be plenary speakers at the ... Baltimore, Maryland, USA on 4 – 5 June 2012. ... the key CGMP issues affecting the pharmaceutical industry today.  ...
... Pharmaceuticals, Inc. (PINKSHEETS: GMPM.PK) a marketing and product ... everyday health and wellness, announced this afternoon, the ... for the Company,s 17-gram Gamma Energy GEL.  The ... Gamma will support sales with point of purchase ...
Cached Medicine Technology:Global Regulatory and Pharmaceutical Industry Leaders to Appear as Plenary Speakers at Joint FDA-ISPE CGMP Conference 2Gamma Pharmaceuticals, Inc. Announces Distribution Agreement for New York Tri-state Area and Purchase Order for Gamma Energy GEL™ 2Gamma Pharmaceuticals, Inc. Announces Distribution Agreement for New York Tri-state Area and Purchase Order for Gamma Energy GEL™ 3
... System is an automated multiplexing platform that ... detection, pathogen sequence detection and pharmacogenetics applications. ... applied to an open and flexible electronic ... reused until all tests sites have been ...
Cable connections for 5 different adapters: Storz, ACMI, Pentax, Wolf and Olympus....
... Mark The X & Y Coordinates At The ... Alignment. 11mm Inner Diameter & 13mm Outer Diameter ... Guess Work Associated With Hand-Held Markers By Mounting ... Housing To Ensure A More Perfect Mark. , ...
... • V-shaped bottom allows easy withdrawal ... facilitate pour-out ,• Nesting ring allows ... Basin designed for 4, 8, and 12 ... bottom permits withdrawal of practically all of ...
Medicine Products: