PLEASANTON, CA — CooperVision has acquired Blanchard Contact Lenses Inc., a scleral lens company.
Financial terms of the deal were not disclosed.
“The acquisition further expands our scleral lens portfolio, extending the way we help improve the way people see each day,” said Juan Carlos Aragón, president of CooperVision’s Specialty EyeCare Division. “Its innovative products, services, technologies and people will augment what we are building with Paragon, Procornea, and Soflex. This creates even more opportunities for CooperVision to partner with eye care professionals (ECPs), and for them to meet a range of patient needs.”
Blanchard, with its network of distributors, enjoys a strong brand position in North America, Europe (including Scandinavia), Central America and South America, according to a press release from CooperVision. Its products are available in more than 20 countries.
“The new relationship with CooperVision will be instrumental in extending our reach and potential, providing access to a broad range of research, operations and commercial resources for the benefit of customers and wearers,” said Jean Blanchard, president of Blanchard Contact Lenses, who will continue to lead the organization. He has also been appointed as a member of the CooperVision Specialty EyeCare global management team.
Founded in 1986, Blanchard has operations in Sherbrooke, Quebec; and Manchester, NJ. It employs about 70 people. Like CooperVision’s other specialty businesses, it will retain its name and continue to operate as a separate organization.
The acquisition includes Blanchard’s U.S. and Canadian entities.