M&A Deal Summary

HOYA Acquires Daemyung Optical Co.

On October 12, 2016, HOYA acquired consumer products company Daemyung Optical Co. from Vision-Ease Lens

Acquisition Highlights
  • This is HOYA’s 4th transaction in the Consumer Products sector.
  • This is HOYA’s 1st transaction in South Korea.

M&A Deal Summary

Date 2016-10-12
Target Daemyung Optical Co.
Sector Consumer Products
Buyer(s) HOYA
Sellers(s) Vision-Ease Lens
Deal Type Divestiture

Target

Daemyung Optical Co.

Daejeon, South Korea
Daemyung Optical Co., Ltd. is an optical lens manufacturer in Korea, and specializes in cast high-index lenses.

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Buyer(S) 1

Buyer

HOYA

Tokyo, Japan

Category Company
Founded 1941
Sector Electronics
Employees37,909
Revenue 885.8B JPY (2025)
DESCRIPTION

HOYA is a manufacturer of optical products such as photomasks, photomask blanks, and glass magnetic-memory disks, contact lenses, and eyeglass lenses using wavefront technology. HOYA was founded in 1941 and is based in Tokyo, Japan.


DEAL STATS #
Overall 6 of 6
Sector: Consumer Products M&A 4 of 4
Type: Divestiture M&A Deals 2 of 2
Country: South Korea M&A 1 of 1
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Vision-Ease Lens

Ramsey, Minnesota, United States

Vision-Ease Lens, Inc. (Vision Ease) is a developer, manufacturer and marketer of ophthalmic lenses. It offers photochromic, light-responsive, polarized, and progressive line-free lenses; and lenses in polycarbonate, plastic, and glass materials.

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Seller(S) 1

SELLER

Vision-Ease Lens

Ramsey, Minnesota, United States

Category Company
Founded 1930
Sector Consumer Products
Employees1,054
DESCRIPTION

Vision-Ease Lens, Inc. (Vision Ease) is a developer, manufacturer and marketer of ophthalmic lenses. It offers photochromic, light-responsive, polarized, and progressive line-free lenses; and lenses in polycarbonate, plastic, and glass materials.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: South Korea M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Daemyung Optical Co.

Daejeon, South Korea

Daemyung Optical Co., Ltd. is an optical lens manufacturer in Korea, and specializes in cast high-index lenses.

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