M&A Deal Summary

HOYA Optical Laboratories Acquires 3M Co. - Safety Prescription Eyewear Business

On December 7, 2016, HOYA Optical Laboratories acquired consumer products company 3M Co. - Safety Prescription Eyewear Business from 3M

Acquisition Highlights
  • This is HOYA Optical Laboratories’ 1st transaction in the Consumer Products sector.
  • This is HOYA Optical Laboratories’ 1st transaction in the United States.
  • This is HOYA Optical Laboratories’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2016-12-07
Target 3M Co. - Safety Prescription Eyewear Business
Sector Consumer Products
Buyer(s) HOYA Optical Laboratories
Sellers(s) 3M
Deal Type Divestiture

Target

3M Co. - Safety Prescription Eyewear Business

St Paul, Minnesota, United States
3M Co. - Safety Prescription Eyewear Business is a provider of safety prescription eyewear or frames in Latin America, Europe and Asia.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

HOYA Optical Laboratories

Lewisville, Texas, United States

Category Company
Sector Medical Products
DESCRIPTION

HOYA Optical Laboratories, Inc. (Formerly Optical Resources Group, Inc.) a wholesale optical laboratory consolidator. BACI provided subordinated debt and equity capital to support the Company's consolidation strategy. The company was acquired by Hoya Corporation in March 2000.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

3M

St. Paul, Minnesota, United States

Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 24.6B USD (2024)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company that produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.


DEAL STATS #
Overall 12 of 20
Sector: Consumer Products M&A 3 of 3
Type: Divestiture M&A Deals 11 of 18
State: Minnesota M&A 5 of 12
Country: United States M&A 11 of 18
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Semfinder AG

Kreuzlingen, Switzerland

Semfinder AG is a developer of precise semantic coding of medical services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 3M - Identity Management Business

St Paul, Minnesota, United States

3M - Identity Management Business is an identity management solutions company providing biometric hardware and software to enable identity verification and authentication, as well as secure materials and document readers.

Sell -