June 22, 2018 / 7:26 PM / in 2 years

Italy's Luxottica buys sun lens maker Barberini for 140 million euros

FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/File Photo

MILAN (Reuters) - Ray-Ban owner Luxottica LUX.MI said on Friday it had bought the world’s top manufacturer of optical glass sun lenses Barberini in a 140 million euro (£123 million) deal.

“The transaction allows the group to strengthen its know-how in glass sun and prescription lenses, which is considered the most valuable among optical materials,” Luxottica said in a statement.

Milan-based Luxottica, the world’s biggest eyewear group, is expected to close soon its merger with French lens manufacturer Essilor ESSI.PA agreed at the start of last year.

Reporting by Valentina Za; Editing by Mark Potter

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