BUSINESS Zeiss Vision Care Acquires Optical Laboratory from U.S. Vision By Staff Thursday, March 4, 2021 9:00 AM SAN DIEGO, Calif.—Zeiss Vision Care announced yesterday that it has acquired U.S. Vision’s optical laboratory in Blackwood, N.J. Details of the transaction were not announced. The 72,000-square-foot facility, which Zeiss describes as being “state-of-the-art,” joins the Zeiss Vision Care production network in the Americas. As part of the transaction, Zeiss has hired 150 former U.S. Vision employees. The lab acquisition follows a separate transaction which VMAIL reported on Tuesday in which an investment company, Lincoln Road Advisors Inc., acquired the holding company Refac Optical Group, which owns the U.S. Vision optical business, from its majority owner ACON Investments. U.S. Vision operates roughly 375 optical locations in licensed retail spaces at J.C. Penney, Meijer, Boscov’s and Optical Center/AAFES Exchange locations. Zeiss said it will use the production location as a base for future expansion. “Having experienced significant growth in demand for the company’s products, Zeiss is looking forward to leveraging the potential of this new addition to its U.S. lab network,” the company said in a statement. “We are excited to add 150 passionate, hard-working and dedicated employees to our global Team Zeiss,” said Jens Boy, president of Zeiss Vision Care, North America. “U.S. Vision and Zeiss have been working together for many years. We look forward to continuing our successful partnership and to servicing U.S. Vision’s customers as part of a long-term supply agreement. In addition, the location and production capacity of the facility offer many exciting options. Thanks to our market share gains over the last several years, this transaction is a perfect fit for our strategy of continued and sustainable growth.” “Partnering with Zeiss in this transaction has resulted in a more solid financial footing for U.S. Vision,” said Eric J. Bertrand, the company’s newly named CEO whose investment group, Lincoln Road Advisors Inc., acquired U.S. Vision’s parent company, Refac earlier this week.