Essilor to acquire The Spectacle Lens Group from J&J

Essilor has signed an agreement with Johnson & Johnson Vision Care Inc. to acquire The Spectacle Lens Group, Johnson & Johnson Vision Care Inc.'s ophthalmic lens business.

The transaction is subject to approval by US antitrust authorities and is expected to close in the third quarter.

Created in 1999, The Spectacle Lens Group has developed the Definity brand of progressive lenses, featuring unique Dual Add technology that divides progressive add power between the front and back surfaces.

To help speed further development, Essilor will continue to manufacture Definity progressive lenses and distribute them in the United States through its traditional marketing and distribution networks.