Premium Italian sunglass lens manufacturer Barberini has been acquired by Luxottica in a deal worth a reported £123m (€140m).
With annual net sales of approximately €85, Barberini controls its entire manufacturing chain, from raw material to finished lenses, with industrial sites in Abruzzo, Italy, a plant in Germany for glass melting, and advanced technologies for the production of polarising films for sun lenses. It also produces mineral glass lenses for several partners, including Maui Jim.
‘With the acquisition of Barberini we add another gem to our brands, a name that is well known throughout the industry and synonymous with top quality, innovation and “Made in Italy,”’ said Leonardo Del Vecchio, executive chairman of Luxottica.
The deal was expected to be finalised by the end of the year.