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Menicon to Acquire W.I. System, Major Contact Lens Retail Chain in Japan

2011-12-12

NAGOYA, Japan–Menicon Co., Ltd. announced today an agreement with W.I. System Inc. that will turn one of Japan's leading contact lens retail chains into a wholly owned subsidiary of Menicon on December 8th. Terms of the acquisition were not disclosed. Tokyo area-based W.I. System with annual gross sales of USD 130 million ranks fourth in contact lens retail sales in Japan.

“I have great expectations that this integration between
our well-known companies will encourage more people
to experience the joy of wearing advanced lenses,
and allow us to further contribute to eye safety and comfort 
in Japan, and ultimately in markets around the world”

The acquisition will significantly bolster Menicon's retail presence in greater Tokyo, the world's largest metropolitan area, and will expand opportunities for Menicon to reach users who do not currently use Menicon products. W.I. System stores will continue to provide a broad array of lenses and lens-related products from Menicon and other manufacturers to meet the diverse needs of Japan's contact lens wearers.

Menicon believes that by striving to satisfy its newly expanded customer base as a result of the acquisition, the experience ultimately will strengthen the company's and the industry's capabilities for developing and marketing lenses and lens care products that meet diverse needs in the broader global market.

"W.I. System strives to provide highly satisfying customer experiences when people in need of vision correction visit any one of our many conveniently located shops throughout the greater Tokyo area," said W.I. System president Keizo Takahashi. "As a new member of the Menicon group, we look forward to expanding and strengthening our customer relationships over the long term."

"I have great expectations that this integration between our well-known companies will encourage more people to experience the joy of wearing advanced lenses, and allow us to further contribute to eye safety and comfort in Japan, and ultimately in markets around the world," said Menicon president Hidenari Tanaka.

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