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New Deal


Announced

Completed

EssilorLuxottica completed the acquisition of Walman Optical.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

Acquisition

Friendly

Clothing and Accessories

Majority

eyewear manufacturer

Cross Border

Single Bidder

Completed

Synopsis

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EssilorLuxottica, a global company in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses, completed the acquisition of Walman Optical, the US based lens-finishing labs network. Financial terms were not disclosed. “Walman is a company we’ve admired as a longtime partner - they share EssilorLuxottica’s customer-first sensibility and our relentless pursuit of higher service standards. They also share our history of employee shareholding, which makes them an ideal cultural fit for our family. Walman has cultivated broad recognition and relationship equity and we will invest in the areas that make them such a great partner to the industry,” Francesco Milleri and Paul du Saillant, EssilorLuxottica CEO and Deputy CEO.

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