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Thread: Its now Official, ESSILOR owns Signet Armorlie.....................................

  1. #1
    Manuf. Lens Surface Treatments
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    Blue Jumper Its now Official, ESSILOR owns Signet Armorlie.....................................

    Essilor acquires Signet Armorlite, exclusive manufacturer of KODAK Lenses
    Charenton-le-Pont, France (April 2, 2010 – 6:30 a.m. CET) – Following approval by the US competition authorities, Essilor has completed its acquisition of Signet Armorlite, a leading independent manufacturer of ophthalmic lenses. Based in California, Signet Armorlite, Inc. generates a global revenue of approximately $115 million, primarily through its subsidiaries in the United States, the United Kingdom, Germany, Spain, Columbia, Portugal and Holland.

    Holding an exclusive worldwide license for the development, production and distribution of Kodak® brand lenses, Signet Armorlite markets a product portfolio that is strategically aligned with Essilor’s offering. The acquisition will enable Essilor to strengthen its positions in the high-quality mid-range segment. Operated independently by the current management team, Signet Armorlite will leverage Essilor’s distribution network to promote the Kodak® brand and reach new customers and consumers around the world.

    “The acquisition of Signet Armorlite illustrates Essilor’s strategy of offering product and service lineups tailored to each segment of the ophthalmic optics market,” said Hubert Sagnières, Chief Executive Officer of Essilor International. “We’re going to capitalize on our Company’s size as well as its extensive research and development capabilities to increase the opportunities for the Kodak brand in the international ophthalmic marketplace.”

    “We see excellent synergies between the strength of our Kodak brand and Essilor’s leading position in the worldwide ophthalmic market,” said Brad Kruchten, president of Kodak’s Film, Photofinishing and Entertainment Group. “We are confident that this combination will insure the Kodak brand has a substantial position in vision care moving forward.”

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    What's next? Younger?

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    OptiBoardaholic
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    a b e
    Last edited by bigeyejim; 04-03-2010 at 12:17 PM. Reason: forgot all caps CAN'T GET ALL CAPS ON!!!!

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    Blue Jumper Federal trade commission...............................

    UNITED STATES OF AMERICA
    FEDERAL TRADE COMMISSION
    WASHINGTON, D.C. 20580

    Counsel for Essilor International
    Jones Day LLP
    51 Louisiana Avenue, NW
    Washington, DC 20001-2113
    Re: Proposed Acquisition o/Signet Armorlite, Inc. by Essilor International
    (Compagnie Generale d'Optique), SA., File No. 091-0047


    Dear Ms. Overton:
    The Federal Trade Commission's Bureau of Competition has been conducting a nonpublic
    investigation to determine whether the proposed acquisition of Signet Armorlite by
    Essilor International may violate Section 7 ofthe Clayton Act or Section 5 of the Federal Trade
    Commission Act.

    Upon further review ofthis matter, it now appears that no further action is warranted by
    the Commission at this time. Accordingly, the investigation has been closed. This action is not
    to be construed as a determination that a violation may not have occurred, just as the pendency
    of an investigation should not be construed as a determination that a violation has occurred.

    The Commission reserves the right to take such further action as the public interest may require.
    By
    direction of the Commission. M..g. ~

    Donald S. Clark
    Secretary

  5. #5
    Master OptiBoarder
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    SCARRY!!!! The Giant Only Gets Bigger! Can't believe FTC let this one slip by.

  6. #6
    Rochester Optical WFruit's Avatar
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    Well, if Essilor were to buy, say, Polycore, they could elimiate SunSensors from the US market.....
    There are rules. Knowing those are easy. There are exceptions to the rules. Knowing those are easy. Knowing when to use them is slightly less easy. There are exceptions to the exceptions. Knowing those is a little more tricky, and know when to use those is even more so. Our industry is FULL of all of the above.

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    Doh! braheem24's Avatar
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    State Optical in Tampa, FL sells non-signet sunsensors.

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