KIBBUTZ SHAMIR, Israel—EssilorLuxottica, which has held a 50 percent stake in Israeli optical lens innovator Shamir for the past 11 years, has acquired the remaining 50 percent of the company from Kibbutz Shamir, effective August 1, VMAIL has learned. The terms of the transaction were not announced. Prior to its merger with Luxottica, Essilor acquired half of Shamir’s capital in 2011. Throughout the years, the two companies have enjoyed a productive relationship. Now EssilorLuxottica is completing what a company spokesperson called “a next natural step” that reinforces its commitment to Shamir. “By increasing its stake in Shamir, EssilorLuxottica can further leverage the R&D and commercial capabilities of both companies,” the spokesperson said. Read More