EssilorLuxottica Acquires PUcore’s Optical Division to Boost Innovation and Sustainable Lens Manufacturing

EssilorLuxottica Acquires PUcore’s Optical Division to Boost Innovation and Sustainable Lens Manufacturing

(IN BRIEF) EssilorLuxottica has signed a definitive agreement to acquire the optical assets of South Korea’s PUcore, including its R&D unit, production facility, and sales office, along with a portfolio of IP related to high index monomer development. The acquisition will enhance the Group’s R&D and manufacturing capabilities for producing lighter, thinner ophthalmic lenses, while ensuring long-term sustainable sourcing. The transaction is expected to close by year-end 2025, pending regulatory approvals.

(PRESS RELEASE) PARIS, 21-Jul-2025 — /EuropaWire/ — EssilorLuxottica has entered into an agreement to acquire the optical division of South Korea-based PUcore, including all its assets and subsidiaries involved in the development, manufacturing, and commercialization of monomers used in the production of high index ophthalmic lenses. This strategic acquisition aims to enhance the Group’s innovation capabilities, strengthen sustainable sourcing, and deepen upstream integration in its supply chain.

The transaction will bring under the EssilorLuxottica umbrella a research and development center, a materials production facility, and a sales office located in the Republic of Korea. In addition, the Group will acquire PUcore’s intellectual property portfolio, including product formulation and production process patents—further reinforcing EssilorLuxottica’s commitment to technological leadership in the ophthalmic industry.

“We are pleased to welcome PUcore’s optical division and its talented teams into our organization,” said Francesco Milleri, Chairman and CEO, and Paul du Saillant, Deputy CEO of EssilorLuxottica. “This move is in line with our strategy to elevate standards in lens innovation, production, and sustainability. By enhancing our formulation and production of high index monomers, we are not only increasing performance but also supporting the ophthalmic industry’s shift toward more sustainable and advanced solutions.”

Subject to regulatory approval and customary closing conditions, the acquisition is expected to be finalized by the end of 2025. The deal underscores EssilorLuxottica’s focus on integrating innovative upstream capabilities to deliver thinner, lighter, and more sustainable lenses to customers worldwide.

About EssilorLuxottica 

EssilorLuxottica is a global leader in the design, manufacture and distribution of advanced vision care products, eyewear and med-tech solutions. Its Mission is to help people around the world to see more and be more by addressing their evolving vision needs, personal style aspirations and desire to feel more connected to the world around them. EssilorLuxottica is home to the most innovative lens technologies, including Varilux, Stellest and Transitions, iconic brands such as Ray-Ban, Oakley and Supreme, the most desired luxury licensed brands and world-class retailers including Sunglass Hut, LensCrafters, Vision Express and Apollo. Backed by robust R&D investments, distinctive capabilities and a top-quality asset portfolio, the Company drives innovation across categories, from cutting-edge medical instruments and solutions for eye health to category-defining smart glasses, all of which push the boundaries of the industry and reimagine the eyes as a gateway to new possibilities. With over 200,000 employees across 150 countries, 600 operations facilities, 300,000 optical partners and 18,000 stores, the Group generated consolidated revenue of Euro 26.5 billion in 2024. Its OneSight EssilorLuxottica Foundation has given access to sustainable vision care to nearly 1 billion people in underserved communities. EssilorLuxottica trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. www.essilorluxottica.com.

Media Contacts:

Giorgio Iannella
Head of Investor Relations
ir@essilorluxottica.com

Marco Catalani
Head of Corporate Communications
media@essilorluxottica.com

SOURCE: EssilorLuxottica