Essilor has begun 2006 with a spending spree, investing in growth markets in Asia while continuing its expansion in the US.
Essilor India, a wholly-owned subsidiary of Essilor International, and GKB Rx Lens have signed a joint-venture agreement through which Essilor India will acquire a 50 per cent interest in GKB’s prescription laboratory and wholesale business.
The agreement includes an option to increase
Essilor’s stake in the future.
Based in Kolkata, family-owned GKB Rx Lens serves independent opticians through a network of eight prescription laboratories, with US$10m in annual revenues.
In Taiwan, Essilor has signed a JV with Polylite, the second largest company in the local corrective lens market.
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