Friday, November 18, 2011

Safilo Agrees to Buy Polaroid



Safilo has agreed to acquire Polaroid Eyewear from StyleMark. Polaroid Eyewear, which invested the first man-made commercial polarizer in 1929 and the first Polaroid sunglasses in 1935, is part of the StyleMark. For the year 2011, the Polaroid Eyewear business is expected to record sales of approximately $63 million and generate an expected EBITDA of around $8.75 million. Read more.

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