California-based Oakley, Inc. said today that it is buying the assets of Sun Valley, Idaho-based Eye Safety Systems, a provider of protective eyewear for military, law enforcement, and firefighting uses. The deal is worth $110M in cash. According to Oakley, Eye Safety Systems will contribute approximately $30M to sales in 2007, and that the acquisition will be immediately accretive. The transaction is expected to close during the first half of 2007.
Top NewsWednesday, November 22, 2006
Oakley Buys Eye Safety Systems