News : ISRAEL FRANCE - The Essilor Group is negotiating the purchase of the SHAMIR OPTICAL INDUSTRY Israel , a world leader in the design and manufacture of ophthalmic lenses .




Jun 2010/18
By Jacques Bendelac , Jerusalem
Category : France - Israel
Published June 18, 2010


REVELATIONS - The French giant optical Essilor has begun negotiations with Kibbutz Shamir to repurchase the shares in the company Shamir Optical Industry Ltd. . The market value of the Israeli manufacturer of optical lenses is estimated at 190 million dollars. The daily Calcalist , which reveals the negotiations between the two companies , understands that there are great opportunities to see the transaction completed.

Today , the Kibbutz Shamir owns 58% of shares in Shamir Optical Industry Ltd. , with the remainder split between the U.S. fund Royce & Associates (9.9 % ) and small holders . It is not impossible that Essilor launches bid to take control of Israeli society , even if the Kibbutz Shamir maintains a minority of the capital .

The reconciliation between Essilor and Shamir is favored by the fact that both manufacturers are engaged in complementary activities . Shamir Optical Industry Ltd. . is a world leader in the design and manufacture of ophthalmic lenses and molds for high -quality single vision lenses and progressive. In nearly forty years , Shamir acquired an international reputation , always at the forefront of the latest technologies. Shamir invests significant resources in research and development, and several of its developments have also made technological advances that have pushed ahead in the field of optical phase .

Shamir is the only optical company to list on Nasdaq , the largest electronic stock market in the world . She entered the U.S. market in 2005 when it raised funds totaling $ 56 million .-

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Created in 1972 as a manufacturer of bifocal glasses , the company Shamir quickly changed course during the following decade and is ranked as one of the largest manufacturers in the world of progressive lenses. The creation of Shamir Insight - the first line of progressive lenses and molds - has proved to be a turning point for society , propelling it on the international stage . This range of glasses , based on original technology developed and developed by Shamir has proved visionary aspect of the business . Realizing its innovation capabilities , Shamir has undertaken towards advanced technologies , creating innovative products , such as: Eye- Point Technology , Direct Lens Technology, the Technology and As- Worn the FreeFrame Technology .

Its product range is impressive , and includes original designs lenses , molds, semi-finished progressive lenses , single vision glasses , glasses with an increase in rear . Whatever the market demands, Shamir has the solution: general-purpose progressive lenses to progressive lenses designed for very specific purposes , adapting to the lifestyle of consumers of single vision lenses to progressive lenses for outdoor , suitable in sports or frames very modern . Shamir also provides software and hardware high- tech type Freeform , laboratories around the world .-
Jacques Bendelac ( Jerusalem )

Source : http://www.shamir.co.il/