Essilor to buy Johnson & Johnson's spectacle lens business

Essilor and J&J have signed an agreement for Essilor to buy the ophthalmic lens business of Johnson & Johnson Inc.

The lens business of J&J was launched in 199 and developed the Definity progressive lens. This lens uses a proprietary technology that divides the additonal power between the front and back surfaces of the lens.

The Definity lens was launched in the US in 2002, Essilor will continue to make the lens and sell it through its traditional routes to market in the US.