Acquisitions · Eyeglass lenses
HOYA to buy eyeglass lens maker Vision Ease for about ¥47.6 billion
- Buyer
- HOYA (Tokyo)
- Target
- Performance Optics (Vision Ease), Minnesota
- Value
- About ¥47.6B
- Status
- Agreed on October 12, 2016; completion was planned for March 2017.
- Date
- 2016-10-12
HOYA agreed to buy Performance Optics, the Minnesota parent of eyeglass lens maker Vision Ease, for about ¥47.6 billion. The deal also includes Korea's Daemyung Optical.
Why it matters
The deal adds US lens production and brands to HOYA's eyeglass lens business, one of its main profit sources.
Sources
Kakehashi M&A News home
