HOYA

L&T news
September 07, 2017

Acquisition of Performance Optics, LLC

HOYA Corporation (HOYA) announced in August the completion of the acquisition of Performance Optics, LLC (Performance Optics), including its subsidiaries VISION EASE and Daemyung Optical. Performance Optics is a global ophthalmic lens manufacturer specializing in polycarbonate, photochromic, polarized and high index eyeglass lenses. The acquisition complements the HOYA Life Care portfolio, further expanding both HOYA's geographic reach and product offering for its HOYA Vision Care division.
"In everything we do, we focus on the needs and challenges of Eyecare and Industry Professionals. We are a true partner, helping them to distinguish themselves from the competition by bringing value to their businesses, instead of acting as their competitor" said Girts Cimermans, CEO of HOYA Vision Care. "Performance Optics provides HOYA with additional capabilities and offerings in polycarbonate, photochromic and polarized lens technologies, and expands our global footprint in high index lens casting. This strengthens our position as a global technology leader and offers more Eyecare and Industry Professionals the sales and marketing support they want and need."

Performance Optics is a global eyeglass lens manufacturing company employing over 2,000 people around the world. With manufacturing facilities in the United States, South Korea, China, Thailand and Indonesia, Performance Optics serves the global needs of eyewear customers. "Performance Optics' subsidiaries, VISION EASE and Daemyung Optical, have capabilities and cultures of innovation, quality and service that strongly complement HOYA's footprint and long-standing reputation in the eyewear industry," said John Weber, CEO of Performance Optics. "By joining forces, we will better meet our customers' global needs across geographies."
"The closing of the Performance Optics acquisition is another key milestone for our Life Care segment," said Augustine Yee, Chief Legal Officer and Global Head of Corporate Development and Affairs at HOYA Corporation. "Performance Optics will now join HOYA Vision Care in their efforts to promote and support Eyecare and Industry Professionals with high-quality products, service and support. We also look forward to augmenting our global research & development capabilities with the creation of a new technology center of excellence outside of Thailand and Japan."

www.hoya.com

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