Business News • MarketWire • New Look Eyewear Inc. Completes Acquisition of Greiche & Scaff |
New Look Eyewear Inc. Completes Acquisition of Greiche & Scaff |
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New Look Eyewear Inc. Completes Acquisition of Greiche & Scaff
MONTRÉAL, QUÉBEC--(Marketwired - Oct. 14, 2014) - New Look Eyewear Inc. (TSX:BCI) ("New Look") announced today that it has completed its acquisition of certain optical assets and business forming part of Optic Direct Inc., carrying on business under the Greiche & Scaff banner in Québec. As previously announced, the purchase price was $17.75 million paid in cash at closing plus assumed liabilities, subject to customary price adjustments. After the acquisition, the combined New Look entities will have revenues exceeding $160 million and a store network of 190 locations, making them the second largest Canadian integrated retail optical company and the eighth largest in North America.
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