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Divestiture • Consumer Products

Luxottica Group Acquires Bausch & Lomb - Sunglass Business

On April 29, 1999, Luxottica Group acquired consumer products company Bausch & Lomb - Sunglass Business from Bausch & Lomb for 640M USD

Acquisition Context
  • This is Luxottica Group’s 2nd transaction in the Consumer Products sector.
  • This is Luxottica Group’s 3rd largest (disclosed) transaction.
  • This is Luxottica Group’s 2nd transaction in the United States.
  • This is Luxottica Group’s 1st transaction in New Jersey.

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M&A Deal Summary
Date April 29, 1999
Target Bausch & Lomb - Sunglass Business
Sector Consumer Products
Buyer(s) Luxottica Group
Sellers(s) Bausch & Lomb
Deal Type Divestiture
Deal Value 640M USD

Target Company

Bausch & Lomb - Sunglass Business

Bridgewater, New Jersey, United States
Bausch & Lomb's sunglass business includes the Ray Ban, Arnette, Revo and Killer Loop brands.
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Buyer Overview 1

Buyer

Luxottica Group

Milan, Italy
Category Company
Founded 1961
Sector Consumer Products
Employees79,000
Revenue 8.8B EUR (2015)
DESCRIPTION
Luxottica's North American headquarters in Mason, Ohio.
Luxottica's North American headquarters in Mason, Ohio.

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.

Deal Context for Buyer #
Overall 3 of 13
Sector: Consumer Products 2 of 7
Type: Divestiture 1 of 1
State: New Jersey 1 of 1
Country: United States 2 of 5
Year: 1999 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-04-17 Persol

Turin, Italy

Persol S.p.A., founded in Turin in 1917, is a producer of high quality, trendsetting sunwear and ophthalmic frames in the premium- priced segment of the optical market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-22 Sunglass Hut International

Mason, Ohio, United States

Sunglass Hut is a retailer of sunglasses and sunglass accessories. The Company was formed in 1971 and is based in Mason, Ohio.

Buy $462M

Seller Profile 1

SELLER

Bausch & Lomb

Rochester, New York, United States
Category Company
Founded 1853
Sector Medical Products
Revenue 3.3B USD (2013)
DESCRIPTION

Bausch & Lomb is a manufacturer of ophthalmic products.

Deal Context for Seller #
Overall 1 of 1
Sector: Consumer Products 1 of 1
Type: Divestiture 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 1999 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-08 Dental Research

United States

Dental Research Corporation is a privately held manufacturer of dental plaque removers.

Buy $133M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Laboratorio Pförtner Cornealent SACIF

Buenos Aires, Argentina

Waicon is an Argentine provider of contact lenses and lens care products.

Buy -

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