ST. PAUL, Minnesota – (COMMERCIAL THREAD) – 3M today announced that it has entered into an agreement to sell its prescription safety eyewear business to HOYA Vision Care, a global leader in the eyewear lens industry. The safety prescription eyewear business is part of 3M’s personal safety division, which is part of the safety and graphics business. Terms of the transaction were not disclosed.
The company, with over 90 years as a leader in the prescription safety eyewear industry in North America, offers a full line of premium frames, prescription lenses and coating options. in a tailor-made solution. 3M’s safety prescription eyewear business has annual worldwide 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 business,” said Bernard Cicut, vice president and general manager of the Personal Safety division. 3M will maintain its non-prescription safety 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 eye protection (without prescription).
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 closes.
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