M&A Deal Summary

EssilorLuxottica Acquires Team Effort Optical

On July 7, 2017, EssilorLuxottica acquired consumer products company Team Effort Optical

Acquisition Highlights
  • This is EssilorLuxottica’s 39th transaction in the Consumer Products sector.
  • This is EssilorLuxottica’s 13th transaction in the United States.
  • This is EssilorLuxottica’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2017-07-07
Target Team Effort Optical
Sector Consumer Products
Buyer(s) EssilorLuxottica
Deal Type Add-on Acquisition

Target

Team Effort Optical

Oklahoma City, Oklahoma, United States
Team Effort Optical is a full service laboratory with conventional and digital surfacing. Team Effort Optical was established in 1984 and is headquartered in Oklahoma City, Oklahoma.

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Buyer(S) 1

Buyer

EssilorLuxottica

Paris, France
Category Company
Founded 1849
Sector Consumer Products
Employees151,292
Revenue 25.4B EUR (2023)
DESCRIPTION

EssilorLuxottica is a provider of vision solutions and design to manufacture, the group develops a wide range of lenses to correct and protect eyesight. EssilorLuxottica was founded in 1849 and is based in Paris, France.

DEAL STATS #
Overall 51 of 57
Sector (Consumer Products) 39 of 41
Type (Add-on Acquisition) 37 of 40
State (Oklahoma) 1 of 1
Country (United States) 13 of 16
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 Luxottica Group

Milan, Italy

Luxottica is a global producer, distributor, and retailer of sun and prescription eyewear. Luxottica Group S.p.A. was formed in 1961 and is based in Milan, Italy.

Buy €46.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 GrandVision

Schiphol, Netherlands

GrandVision is a provider in optical retailing and delivers high quality and affordable eye care to more and more customers around the world. GrandVision includes a wide range of services provided by its vision experts, prescription glasses including frames and lenses, contact lenses and contact lens care products, and sunglasses both plain and with prescription lenses. GrandVision was incorporated in 1891 and is based in Schiphol, the Netherlands.

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