Emerging Vision to acquire sunglasses maker Optical Group
31 May '07
3 min read
"Thus, it was extremely important that the beginning of any such exit strategy be developed with The Optical Group's member and supplier base in mind. Due in large part to Emerging Vision's experience in both buying group management and optical retail/practice management, combined with its continued growth, I truly believe that a transaction with Emerging Vision was the best choice for not only preserving, but also enhancing, the relationships and benefits shared by all of our members and suppliers.”
Mr. Osborne added, “Over the next several years, my staff and I look forward to working with Emerging Vision's management team to ensure a smooth transition and successful positioning of The Optical Group as the premiere buying group in Canada.”
Mr. Payan concluded, “The addition of The Optical Group to our organization allows us to build on the value of our prior year acquisition of Combine Buying Group and further positions Emerging Vision to maximize its future growth prospects and continue to build shareholder value.”
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