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  5. EssilorLuxottica Acquires Zhenjiang Wanxin Optical Glasses Co.

M&A Deal Summary

EssilorLuxottica Acquires Zhenjiang Wanxin Optical Glasses Co.

On January 13, 2011, EssilorLuxottica acquired consumer products company Zhenjiang Wanxin Optical Glasses Co.

Acquisition Highlights
  • This is EssilorLuxottica’s 5th transaction in the Consumer Products sector.
  • This is EssilorLuxottica’s 2nd transaction in China.

M&A Deal Summary
Date 2011-01-13
Target Zhenjiang Wanxin Optical Glasses Co.
Sector Consumer Products
Buyer(s) EssilorLuxottica
Deal Type Joint Venture

Target

Zhenjiang Wanxin Optical Glasses Co.

Danyang, China
Wanxin Optical, is a Chinese manufacturer of ophthalmic lenses.

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Buyer(S) 1

Buyer

EssilorLuxottica

Paris, France
Category Company
Founded 1849
Sector Consumer Products
Employees200,076
Revenue 26.5B EUR (2024)
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 8 of 63
Sector: Consumer Products M&A 5 of 43
Type: Joint Venture M&A Deals 3 of 4
Country: China M&A 2 of 4
Year: 2011 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-18 Shamir Optical Industry

Upper Galilee, Israel

Shamir Optical Industry, Ltd. is a manufacturers of high-quality progressive and single vision lenses and molds.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-19 Prakash Services

India

Prakash is a provider of prescription laboratory services.

Buy -
Mergr

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