Jones Day advised Essilor International SA in its $1.7 billion buyout of a 51 percent interest in Transitions Optical group from joint venture partner PPG Industries. Essilor now owns 100 percent of Transitions.

Essilor, the world's leading ophthalmic optics company, designs, manufactures, and markets a wide range of lenses to improve and protect eyesight. Transitions Optical is a leading provider of photochromic lenses to optical manufacturers worldwide. The transaction also includes the acquisition of Intercast, a leading supplier of sun lenses, and significant new commercial contracts among Essilor, PPG, and Transitions.

In addition to M&A representation, Jones Day provided tax, antitrust, intellectual property, and employee benefits advice regarding this transaction.

For additional information about this matter, please contact:
Jere R. Thomson, Wesley R. Johnson Jr.

Client(s): Essilor International
Practice(s): M&A, Tax, Antitrust & Competition Law, Intellectual Property, Employee Benefits & Executive Compensation
Office(s): New York, Dallas, Washington, Frankfurt, Boston, Columbus, Düsseldorf