No financial details were provided.
Essilor has acquired all outstanding shares in De Ceunynck, which has a prescription laboratory near Antwerp and 92 employees, and generated EUR17 million in 2008 revenue. The current management team will remain in place.
In the United States, Essilor is continuing to expand its network with the acquisition of Barnet & Ramel Optical ($10.8 million in revenue), Apex Optical ($2.7 million), ABBA Optical ($2.2 million) and Vision Pointe Optical ($1.1 million). The four prescription laboratories are located respectively in Nebraska, Florida, Georgia and Idaho.
Essilor has also acquired a majority stake in OptiSource International ($5.3 million in revenue), a manufacturer and distributor of optical supplies and consumables for opticians and laboratories.
Essilor has joined with Vision Service Plan to acquire McLeod Optical, a prescription laboratory based in Rhode Island with 2008 revenue of $10 million. Essilor will have a majority interest and VSP and the principals of McLeod will each own a minority interest in the company.
In the Middle East, Essilor and its partner Amico, the local market-leading distributor of ophthalmic optics products, have signed a contract to set up a 50/50 joint venture that would operate Amico’s prescription laboratory in Dubai.
Nikon Optical Canada, a subsidiary of Nikon-Essilor, has signed an agreement to increase from 50% to 100% its stake in TechCite, a prescription laboratory located in Calgary, Alberta. TechCite generated 2008 revenue of approximately C$6.8 million.