EssilorLuxottica to Acquire Lens Materials Division of South Korea-Based Company PUcore

PARIS—EssilorLuxottica (Reuters: ESLX.PA) announced yesterday that it has signed an agreement with PUcore, a South Korean company, for the acquisition of all assets and entities involved in the development, manufacturing and sale of monomers used in the production of high-index ophthalmic lenses. The group noted that the acquisition will enrich its research, development and production capabilities for the manufacturing of high index, thinner and lighter ophthalmic lenses, as well as ensure long term sustainable sourcing.