Latest News Hoya Corp. to Acquire Performance Optics and Its Vision Ease and Daemyung Optical Businesses By Staff Wednesday, October 12, 2016 8:45 AM TOKYO—Hoya Corporation (TOKYO:7741) ) today announced a definitive agreement to acquire Performance Optics, LLC, including its subsidiaries Vision Ease and Daemyung Optical. Performance Optics is a global ophthalmic lens manufacturer specializing in polycarbonate, photochromic, polarized and high index eyeglass lenses. “The acquisition, Hoya said, “will strengthen Hoya’s ability to provide customers with a broader portfolio of leading products, while continuing to provide best-in-class services to the eyewear industry.” The purchase price was not disclosed. “The acquisition of Performance Optics expands Hoya’s customer reach, particularly through Vision Ease’s presence in the Americas and its strengths in polycarbonate products and technologies,” said Girts Cimermans, CEO of Hoya Vision Care. “Performance Optics provides Hoya with additional capabilities in polycarbonate, photochromic and polarized lens technologies, as well as an expansion of our global footprint in high index lens casting to reinforce our position as a global technology leader in lens manufacturing. Importantly, we also will augment our global research and development capabilities, creating a new technology center of excellence outside of Japan.” Performance Optics is a global eyeglass lens manufacturing company employing over 2,000 people around the world. With manufacturing facilities in the U.S., Korea, China, Thailand and Indonesia, Performance Optics serves the worldwide needs of eyewear customers. “Performance Optics’ subsidiaries, Vision Ease and Daemyung Optical, have capabilities and cultures of innovation, quality and service that strongly complement Hoya’s footprint and long-standing reputation in the eyewear industry,” said John Weber, CEO of Performance Optics. “By joining forces, we will better meet our customers’ global needs across geographies.” “Our acquisition of Performance Optics continues Hoya’s strategic initiatives in the Life Care segment,” said Augustine Yee, chief legal officer and global head of corporate development and affairs at Hoya Corporation. “Performance Optics enables Hoya to become a more broad-based leader in Vision Care, our largest division.” Founded in 1941 in Tokyo, Japan, Hoya is a global technology and med-tech company, and a leading supplier of innovative high-tech and medical products. Hoya is active in the fields of health care and information technology, providing eyeglasses, medical endoscopes, intraocular lenses, optical lenses, as well as key components for semiconductor devices, LCD panels and HDDs. With over 150 offices and subsidiaries worldwide, Hoya currently employs a multinational work force of over 34,000 people. For over 60 years, Hoya Vision Care has been a global leader in the eyeglass lens business. With a presence in over 50 countries, Hoya Vision Care has expertise in lens designs and freeform surfacing technology combined with a leading position in high performance, quality AR coating. Hoya Vision Care’s market portfolio includes Seiko and Pentax optical lenses, as well as products such as Hoyalux iD MyStyle V+ progressive lenses and Yuniku, vision-centric 3D tailored eyewear. The company employs over 16,000 employees worldwide with mass production facilities in Asia and Europe and over 40 local Rx laboratories globally. Performance Optics, LLC is a portfolio company of Wind Point Partners that is focused on optical company investments. It comprises ophthalmic lens manufacturers Vision Ease and Daemyung Optical Co. Ltd., and includes production facilities in the U.S., Thailand, Indonesia, South Korea and China.