Acquisition of Transitions Optical by Essilor confirmed and changes in senior management are announced

Monday, March 31 2014 | 00 h 00 min | News

The acquisition of Transitions Optical by Essilor has now been finalized. The transaction, announced in Capsule DotClip on August 9, went through all the approval steps. Since acquiring 51% of the shares of PPG, Essilor has become the sole owner of Transitions Optical. The transaction is valued at $1.73 billion.

Various changes in Transitions’s senior management have been announced. Rick Elias, Senior vice-president Optical and Specialty Materials and Chief Executive Officer, is retiring. Dave Cole, after working for 24 years at Transitions, is going back to PPG as vice-president of the Packaging Coatings Unit. Paddy McDermott is now the new president of Transitions. Finally, Bertrand Roy, senior vice-president of Strategic Partnerships at Essilor, will lead the Transitions Optical Business Unit for the Essilor group. All these changes are becoming effective today, April 1, 2014.

Served with Style

Created with French chef Mathieu Pérou, Silure de Loire pairs a round acetate silhouette with tortoise tones, subtle green accents and resin details inspired by fish scales.

Learn More

Transitions Students of Vision 2026 - EN

Students of Vision Challenges Future Eye Care Professionals to Reimagine Light Management

The Students of Vision Scholarship Program, presented by Transitions Optical and the Opticians Association of Canada, challenges future eye care professionals to develop a creative initiative that helps young adults better understand the impact of light on visual comfort, performance and everyday life. Top submissions will receive scholarships and smart eyewear equipped with Transitions lenses.