3M to Sell Safety Prescription Eyewear Business
December 06 2016 - 2:00PM
Business Wire
3M announced today that it has entered into an agreement to sell
its safety prescription eyewear business to HOYA Vision Care, a
global leader in the eyeglass lens industry. The safety
prescription eyewear business is part of 3M’s Personal Safety
Division, which is in the Safety & Graphics Business. Terms of
the transaction were not disclosed.
The business, with more than 90 years as an industry leader in
safety prescription eyewear in North America, provides a
comprehensive line of frames, prescription lenses, and premium
coating options in a custom-made solution. 3M’s safety prescription
eyewear business has annual global sales of approximately $45
million.
“After a thorough strategic review, we have decided to exit the
safety prescription eyewear business to focus on our core personal
safety businesses,” said Bernard Cicut, vice president and general
manager, Personal Safety Division. 3M will retain its safety
non-prescription eyewear business, often referred to as plano
eyewear.
3M is a global leader in personal safety solutions, including
respiratory protection, fall protection, hearing protection, and
plano (non-prescription) eye protection.
The transaction is expected to close during the first quarter of
2017, subject to customary closing conditions. Approximately 140 3M
employees are expected to join HOYA after the transaction has
closed.
About 3MAt 3M, we apply science in collaborative ways to
improve lives daily. With $30 billion in sales, our 90,000
employees connect with customers all around the world. Learn more
about 3M’s creative solutions to the world’s problems at www.3M.com
or on Twitter @3M or @3MNewsroom.
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3MMedia Contact:Lori Anderson, 651-733-0831orInvestor
Contacts:Bruce Jermeland, 651-733-1807orMike Kronebusch,
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