MILAN — Luxottica Group is in the process of merging with French lens maker Essilor SA, but this is not stopping it from further building its structure. The giant Italian eyewear producer is acquiring leading optical glass sun lens manufacturer Barberini SpA for about 140 million euros. The transaction is expected to be finalized by the third quarter of 2018.
“With the acquisition of Barberini we add another gem to our brands, a name that is well known throughout the industry and synonymous with top quality, innovation and Made in Italy,” said Leonardo Del Vecchio, executive chairman of Luxottica. “Barberini will allow us to strengthen our technological leadership in sun and ophthalmic lenses and opens great development opportunities for the future.”
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