PARIS--Essilor (EI.FR) Tuesday said it is in discussions with
PPG Industries Inc. (PPG) about the future of their joint venture
Transitions Optical, a photochromic lens maker.
MAIN FACTS:
-Discussions are likely to continue for several months.
-Essilor holds a 49% interest in Transitions Optical which was
formed in 1990 while PPG is the majority shareholder, holding a 51%
interest in the joint venture companies.
- Transitions Optical is a consolidated subsidiary of PPG.
-.While the discussions between PPG and Essilor continue,
Transitions Optical intends to continue to operate its business
without interruption.
- Transitions Optical is on schedule in expanding its new
technology platforms through major new product introductions
globally.
-Write to Mimosa Spencer at mimosa.spencer@dowjones.com
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