Partnership between Essilor Canada and Riverside Opticalab
Wednesday, January 15 2014 | 00 h 00 min | News
Essilor Canada Ltd and Riverside Opticalab Ltd recently announced a new partnership.
Essilor confirmed that it has acquired a certain stake in Riverside Opticalab, but does not wish to release the exact amount. “We do not think of it as an acquisition, but as a partnership. Riverside will continue to operate as an independent, stand-alone entity. The agreement with Essilor will simply give them access to a wider range of products, which will add to their own products, such as the Persona line,” says Sylvie Pelletier, Essilor Canada’s vice-president of finance.
Founded in 1976 and based in Ottawa, Riverside Opticalab manufactures and sells optical solutions. In a press release, Essilor described the partnership as an “important step” in the development of products and services that benefit Canada’s optical industry.