Luxottica Acquires Barberini
Tuesday, June 26 2018 | 08 h 50 min | Acquisitions, News, Press Release
Luxottica Group announces the acquisition of Barberini S.p.A., the world’s leading optical glass sun lens manufacturer. This transaction is valued at approximately Euro 140 million.
Founded by Pietro Barberini in 1963, Barberini is a key manufacturer of high quality optical glass lenses for the most prestigious eyewear brands around the world, with exclusive and sophisticated technical features.
With annual net sales of approximately Euro 85 million, Barberini controls its entire manufacturing chain, from raw material to finished lenses, with cutting-edge industrial sites in Abruzzo (Italy), a plant in Germany for glass melting, and advanced technologies for the production of polarizing films for sun lenses.
The transaction is subject to customary closing conditions and is expected to be finalized by the third quarter 2018.
Click HERE for the full press release.
