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Essilor International announces the signature of an agreement to acquire the 51% stake in Transitions Optical, 0wned by PPG. Transitions Optical is a leading provider of photochromic lenses to optical manufacturers worldwide.
The acquisition is fully aligned with Essilor’s growth strategy, which is based on strong innovation in every segment of the optical industry, on visual protection as well as on expansion in the mid-market and in fast-growing countries. It also supports Essilor’s mission of bringing improved vision to more than 4.2 billion people, of whom 2.5 billion do not currently benefit from eye correction.