French ophthalmic lens maker Essilor SA (EI.FR) Wednesday said it acquired a majority stake in China-based Jiangsu Youli Optics Co. Ltd. and Jiangsu Seeworld Optical Co. Ltd. and a majority holding in Swiss-based Reize.

MAIN FACTS:

- Essilor said the agreements in China represent approximately EUR22 million in additional revenue.

- Jiangsu Youli Optics Co. Ltd has nearly 1,000 employees and operates three plants that produce lenses for the domestic market and for export and Jiangsu Seeworld Optical Co. Ltd., which has nearly EUR7 million in annual revenue and over 300 employees.

- These two new transactions illustrate Essilor's commitment to extending its presence in the mid-range segment in China, while also making its offering more competitive in the rest of Asia. .

- Reize generates approximately EUR11 million in revenue and is a major player in the Swiss market. With 60 employees and a prescription lens laboratory equipped with the latest high-tech machines, Reize will continue to be led by the current management team. .

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com

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