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Retail Optical Chain Acquired

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The chain has 10 locations.

(Press Release) MONTRÉAL, QUÉBEC – New Look Vision Group Inc. (TSX: BCI) announced that it has completed its acquisition of the retail optical assets and business forming part of Visions One Hour Optical Ltd.

Visions One Hour Optical operates principally under the Visions Optical banner in communities across British Columbia at 10 retail locations. As previously announced, the purchase price was $6.6 million subject to customary adjustments.

The deal was financed by New Look Vision from its current banking facilities.

Antoine Amiel, president and director of New Look Vision, stated: “With this acquisition completed, New Look Vision establishes its presence in Canada’s third most populated province, and continues its expansion across Canada.”

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As of Nov. 30, New Look Vision had 13,564,878 Class A common shares issued and outstanding.

In eastern Canada, New Look Vision operates a network of 221 corporate stores mainly under the New Look Eyewear, Vogue Optical and Greiche & Scaff banners, along with laboratory facilities.

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