In Brief: Cooper/Aspect Vision
This article was originally published in The Gray Sheet
Executive Summary
Cooper/Aspect Vision: Cooper Companies to acquire privately held contact lens maker Aspect Vision Care under a non-binding letter of intent agreement announced Sept. 3. Southampton, England-based Aspect is anticipated to generate $45-50 mil. in revenues "in its first full year with CooperVision," Cooper's specialty contact lens business, Cooper says. Aspect, which markets its lenses primarily in the United Kingdom and other European countries, "would provide CooperVision with an ideal platform to launch our specialty lens product line into the European market," stated Thomas Bender, Cooper CEO and president of CooperVision. In addition, CooperVision, which markets its lenses "predominantly in North America...would be able to offer Aspect's full range of traditional and frequent replacement products to practitioners in selected market niches in our dominant territories," Bender said. Terms were not disclosed...