Friday, November 16, 2012

Hoya Takes Control of Seiko Epson's Eyeglass Lens Operations

"Hoya Corp said on Friday it will take control of Seiko Epson Corp's eyeglass lens development and manufacturing business as part of a partnership to expand sales of eyewear products globally." That's a recent post from Reuters. Read more.

Seiko Epson reported that the two companies commenced negotiations in April 2012. As a result, Epson will transfer its eyeglass lenses business to Hoya. According to the terms of the deal, the two companies' related businesses will be merged and leveraged worldwide. Hoya also concluded an alliance with Seiko Holdings Corporation over the sale of eyeglass-related products.

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