CHARENTON-LE-PONT, France, May 10 /PRNewswire-FirstCall/ -- Essilor of America, Essilor International’s US subsidiary, has acquired a majority stake in OOGP.
The acquisition of OOGP will expand Essilor’s services business for independent eye care professionals in the United States by extending the distribution network for contact lenses and ophthalmic products that was launched with the acquisition of Nassau in 2003.
OOGP is one of the largest contact lens distributors in the US. Created in 1985, the company has 120 employees and three distribution and customer service facilities in Oregon, Alabama and Hawaii. It will add approximately $50 million to Essilor revenue.
OOGP’s current management team will remain in place.
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) and Essilor(R) brands to correct myopia, hyperopia, presbyopia and astigmatism. Essilor operates worldwide through 16 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 Veronique Gillet Phone: +33-(0)-1-49-77-42-16 www.essilor.com
Essilor
CONTACT: Investor Relations and Financial Communications: VeroniqueGillet, Phone: +33-(0)-1-49-77-42-16, www.essilor.com
