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Essilor Accelerates its Expansion in Africa and Latin America and Acquires CSC Labs, Major US Prescription Laboratory

1/6/2012 7:11:03 AM

CHARENTON-LE-PONT, France--(BUSINESS WIRE)--Regulatory News:

Essilor (Paris:EI) has further expanded its presence in fast-growing markets by signing five new partnership agreements in North Africa and Latin America.

After entering Morocco in 2011 through an equity interest in L'N Optic, Essilor has widened its national coverage by acquiring a 65% interest in Optiben, a major player in ophthalmic lens distribution, and a 65% stake in prescription laboratory VST Lab. With combined revenue of around €4 million and a network of 14 local branches, this base will manufacture and distribute BBGR®-brand products. These acquisitions will allow the Company to deploy its multi-network strategy in a market with a population of 30 million shaped by low penetration of corrective lenses and a particularly vibrant presbyopia segment.

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