Ocular Sciences Gains Direct European Lens Marketing Presence Via Essilor
This article was originally published in The Gray Sheet
Executive Summary
Ocular Sciences' $47 mil. acquisition of the contact lens business of Paris-based Essilor International adds a direct European sales force of approximately 50 reps and provides an expedited entry into the specialty lens market.
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Contact lens consolidation
Essilor subsidiary BBGR has signed an agreement to make an outright purchase of all Rupp & Hubrach capital. Rupp & Hubrach, which is BBGR's German ocular products distributor, is Germany's fifth-ranked corrective lens manufacturer, generating approximately $54 mil. in revenue last year, according to BBGR. France-based Essilor is owned by Ocular Sciences (1"The Gray Sheet" Feb. 19, 2001, p. 16)...
Contact lens consolidation
Essilor subsidiary BBGR has signed an agreement to make an outright purchase of all Rupp & Hubrach capital. Rupp & Hubrach, which is BBGR's German ocular products distributor, is Germany's fifth-ranked corrective lens manufacturer, generating approximately $54 mil. in revenue last year, according to BBGR. France-based Essilor is owned by Ocular Sciences (1"The Gray Sheet" Feb. 19, 2001, p. 16)...
Ocular Sciences
Contact lens maker will acquire its Japanese distributor, Seiko Contact Lens, for $21 mil. under a definitive agreement announced March 11. The deal follows the 2001 purchase of European Essilor International, and is in line with Ocular's focus on growing markets internationally for soft lenses (1"The Gray Sheet" Feb. 19, 2001, p. 16)...