Issue Date: January 21, 2013
PPG Ponders Future Of Transitions Optical
PPG Industries is in discussions with Essilor International over their shared joint venture Transitions Optical, a maker of photochromic lenses. PPG owns a 51% stake in the partnership. Essilor, a major supplier of eyeglass lenses, is the venture’s largest customer. PPG says the discussions, which will last several months, could result in it or Essilor buying out the other partner. The talks could also lead to a new joint-venture structure. PPG says . . .
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