CooperVision Acquires Blanchard Contact Lenses, Expanding Presence in Specialty Segment
Thursday, January 10 2019 | 13 h 33 min | Acquisitions, News, Press Release
CooperVision has acquired Blanchard Contact Lenses, Inc., the well-known and fast-growing scleral lens company.
“The acquisition further expands our scleral lens portfolio, extending the way we help improve the way people see each day,” said Juan Carlos Aragón, President of CooperVision’s Specialty Eye Care Division. “Its innovative products, services, technologies and people will augment what we are building with Paragon, Procornea, and Soflex. This creates even more opportunities for CooperVision to partner with eye care professionals (ECPs), and for them to meet a range of patient needs.”
Blanchard, with its network of distributors, enjoys a particularly strong brand position in North America, Europe (including Scandinavia), Central America and South America. Its recently introduced OneFit™ MED scleral lens is being rapidly adopted by ECPs, and the company has grown globally over the past several years, with its products available in more than 20 countries.
“The new relationship with CooperVision will be instrumental in extending our reach and potential, providing access to a broad range of research, operations and commercial resources for the benefit of customers and wearers,” said Jean Blanchard, President of Blanchard Contact Lenses, who will continue to lead the organization. He has also been appointed as a member of the CooperVision Specialty Eye Care global management team.
Founded in 1986, Blanchard has operations in Sherbrooke, Quebec, Canada and Manchester, New Hampshire, United States, and employs approximately 70 people. Like CooperVision’s other specialty businesses, it will retain its name and continue to operate as a separate yet complementary organization. Customers should continue to work with their current representatives.
The acquisition includes Blanchard’s U.S. and Canadian entities.
Source: CooperVision
