M&A Deal Summary

Luxottica Group and EssilorLuxottica Acquire Eyebiz Laboratories Pty

On February 8, 2010, Luxottica Group and EssilorLuxottica acquired consumer products company Eyebiz Laboratories Pty

Acquisition Highlights
  • This is Luxottica Group’s 4th and EssilorLuxottica’s 4th transaction in the Consumer Products sector.
  • This is Luxottica Group’s 1st and EssilorLuxottica’s 1st transaction in Australia.

M&A Deal Summary

Date 2010-02-08
Target Eyebiz Laboratories Pty
Sector Consumer Products
Buyer(s) Luxottica Group
EssilorLuxottica
Deal Type Joint Venture

Target

Eyebiz Laboratories Pty

Sydney,, Australia
Eyebiz Laboratories Pty Limited engages in processing, finishing, and distribution of ophthalmic lens.

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Buyer(S) 2

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 STATS #
Overall 7 of 13
Sector: Consumer Products M&A 4 of 7
Type: Joint Venture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-21 Oakley

Foothill Ranch, California, United States

Oakley is a global leader in sport performance optics including premium sunglasses, goggles, and prescription eyewear. Headquartered in Southern California, the company's optics brand portfolio includes Dragon, Eye Safety Systems, Fox Racing, Mosley Tribes, Oliver Peoples, and Paul Smith Spectacles. In addition to its global wholesale business, the company operates retail chains including Bright Eyes, Oakley Stores, Sunglass Icon and The Optical Shop of Aspen.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-08 Erroca International

Israel

Erroca International Ltd. is a retailer of sunglasses with more than 60 locations in Israel.

Buy €20M
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 5 of 63
Sector: Consumer Products M&A 4 of 43
Type: Joint Venture M&A Deals 1 of 4
Country: Australia M&A 1 of 1
Year: 2010 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-22 Danyang ILT Optics Co.

China

Danyang ILT Optics Co. Ltd. is a manufacture of ophthalmic lens.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-02 Signet Armorlite

San Marcos, California, United States

Signet Armorlite, is a independent manufacturer of ophthalmic lenses. Based in California,.

Buy -