Essilor: Acquisition of Midland Optical
February 15 2005 - 12:33AM
PR Newswire (US)
Essilor: Acquisition of Midland Optical Midland Optical Joins
Essilor US Network CHARENTON-LE-PONT, France, February 15
/PRNewswire-FirstCall/ -- Essilor of America, Essilor's US
subsidiary, has acquired a majority interest in Midland Optical, a
prescription laboratory headquartered in St. Louis, Missouri. An
authorized distributor of Varilux(R) brand products, Midland
Optical generates US$16.5 million in sales and employs 150 people.
It caters to independent eye care professionals located primarily
in Missouri and Illinois. As a result of this acquisition, Essilor
will further strengthen its line of value-added products in the
north-central region of the United States. Midland Optical will
retain its current executive team. 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 18 production
sites, 183 lens finishing laboratories and local distribution
networks. The Essilor share trades on the Euronext Paris market and
is included in the CAC 40 index (ISIN: FR 0000121667; Reuters:
ESSI.PA; Bloomberg: EF FP). http://www.essilor.com/ DATASOURCE:
Essilor CONTACT: Investor Relations and Financial Communication,
Veronique Gillet, Tel: +33-(0)1-49-77-42-16,
http://www.essilor.com/
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