Essilor Canada Ltd and Riverside Opticalab Ltd recently announced a new partnership.
Essilor confirmed that it has acquired a certain stake in Riverside Opticalab, but does not wish to release the exact amount. We do not think of it as an acquisition, but as a partnership. Riverside will continue to operate as an independent, stand-alone entity. The agreement with Essilor will simply give them access to a wider range of products, which will add to their own products, such as the Persona line, says Sylvie Pelletier, Essilor Canada's vice-president of finance.
Founded in 1976 and based in Ottawa, Riverside Opticalab manufactures and sells optical solutions. In a press release, Essilor described the partnership as an important step in the development of products and services that benefit Canada's optical industry.
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