Joint Venture • Consumer Products

EssilorLuxottica Acquires Zhenjiang Wanxin Optical Glasses Co.

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

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

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M&A Deal Summary

Date January 13, 2011
Target Zhenjiang Wanxin Optical Glasses Co.
Sector Consumer Products
Buyer(s) EssilorLuxottica
Deal Type Joint Venture

Target Company

Zhenjiang Wanxin Optical Glasses Co.

Danyang, China
Wanxin Optical, is a Chinese manufacturer of ophthalmic lenses.
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Buyer Overview 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 Context for Buyer #
Overall 8 of 64
Sector: Consumer Products 5 of 43
Type: Joint Venture 3 of 4
Country: China 2 of 4
Year: 2011 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 -