Navigation Links
Essilor Acquires FGX International, Becoming a Major Player in a New Fast-Growing Market

CHARENTON-LE-PONT, France, March 15, 2010 /PRNewswire-FirstCall/ -- Essilor International has acquired FGX International Holdings Limited, the North American market leader in the design and sale of non-prescription reading glasses. The transaction was completed following approval by FGX shareholders.

FGX, which will continue to be led by its current management team, generated 2009 revenue of $259 million. The acquisition enables Essilor to establish a foothold in a new, fast-growing market segment and to reach new customers.

"We are excited to be a part of Essilor and look forward to doing great things together," said Alec Taylor, Chief Executive Officer of FGX International.

"The acquisition of FGX represents a major step forward as we pursue our growth strategy and expand into new markets," said Hubert Sagnieres, Chief Executive Officer of Essilor. "FGX adds a new dimension to our global organization."

The all-cash transaction is valued at approximately $575 million, including the assumption of FGX's debt, which amounts to around $115 million. FGX's shares have been delisted from Nasdaq, the U.S. stock market.

The world leader in ophthalmic optical products, Essilor International researches, develops, manufactures and markets around the world a wide range of lenses to correct myopia, hyperopia, presbyopia and astigmatism. Its flagship brands are Varilux(R), Crizal(R), Essilor(R), Definity(R) and Xperio(TM). Based in France, the company reported consolidated revenue of EUR3.2 billion in 2009, with 34,700 employees and operations in 100 countries.

For more information, please visit

The Essilor share trades on the NYSE Euronext Paris market and is included in the CAC 40 index. Codes and symbols: ISIN: FR FR0000121667; Reuters: ESSI.PA; Bloomberg: EI:FP.

       Investor Relations and Financial Communications
          Veronique Gillet - Sebastien Leroy
             Phone: +33(0)1-49-77-42-16


SOURCE Essilor

Back to top
SOURCE Essilor
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Johns Hopkins Medicine Acquires Naviscan PEM Technology for Novel Radiotracer Research
2. Bioniche Pharma Acquires Seven New Products From GeneraMedix Inc.
3. STD Med Inc. Acquires Facility for Manufacturing and Start-Ups
4. PSKW & Associates LLC Acquires Triax Media, Licenses Triax to Subsidiary, Centricity Group
5. Tongjitang Chinese Medicines Acquires Guiyang Liquor Factory
6. Advanced Health Media Acquires Advogent
7. VisEn Acquires Key Fluorescence Agent Intellectual Property Portfolio and Technology Platforms From Bayer Schering Pharma
8. Prometheus Acquires Exclusive Rights to PROLEUKIN(R) (aldesleukin) in the U.S.
9. Home Medical Equipment Supplier ActivStyle, Inc. Acquires Tampa-Based Advocate Medical Services, Inc.
10. QIAGEN Acquires ESE GmbH
11. Clarient Acquires Applied Genomics, Inc.
Post Your Comments:
(Date:6/26/2016)... Story Highlights: ... the health care industry is causing providers to review ... Deloitte offers a suite of solutions for health care ... cost optimization: labor resource analysis, revenue cycle optimization and ... outcomes and better economics ...
(Date:6/24/2016)... SOUTH SAN FRANCISCO, Calif. , June 24, ... GBT ), a biopharmaceutical company developing novel ... with significant unmet needs, today announced the closing ... 6,400,000 shares of common stock, at the public ... the shares in the offering were offered by ...
(Date:6/24/2016)... 24, 2016 Research and ... "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" report ... In-Mold Electronics, Smart Skin, Structural Health Monitoring, ... Structural electronics involves electronic and/or electrical components ... replacing dumb structures such as vehicle bodies or ...
Breaking Medicine Technology:
(Date:6/27/2016)... (PRWEB) , ... June 27, 2016 , ... ... for mental health professionals, announced today its affiliation with Tennessee Counseling Association. ... solutions to the network of the Tennessee Counseling Association, adding exclusive benefits and ...
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A ... 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, where the ... history as home to some of the world’s leading providers of cereal and other ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the American Institutes ... Research Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , ... advance care planning, healthcare costs and patient and family engagement. , AIR researchers ...
(Date:6/25/2016)... , ... June 25, 2016 , ... As a lifelong ... Cum Laude and his M.D from the David Geffen School of Medicine at UCLA. ... to Los Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced ... feelings, many turn to unhealthy avenues, such as drug or alcohol abuse, as a ... has released tools for healthy coping following a traumatic event. , Trauma sufferers tend ...
Breaking Medicine News(10 mins):