BMC acquires Lantz Lenses Incorporated.announced today it has acquired the assets of Lantz Lenses Inc. located in St. Cloud, Minnesota St. Cloud (IPA: /ˌseɪntˈklaʊd/) is a city in the U.S. state of Minnesota and the major population center in the state's central region. As of the 2000 census, the city had a total population of 59,107. . Lantz Lenses is a manufacturer of glass ophthalmic ophthalmic /oph·thal·mic/ (of-thal´mik) ocular (1). oph·thal·mic adj. Of or relating to the eye; ocular. Ophthalmic Pertaining to the eye. lenses. This acquisition will increase the customer base of Vision-Ease Lens, BMC's Optical Products Group. Vision-Ease plans to integrate Lantz Lenses' manufacturing operation into its St. Cloud facility, but will continue to operate its distribution centers located in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. , and Calgary, Canada. Paul B. Burke, BMC's Chairman, President and Chief Executive Officer, stated, "The acquisition of Lantz Lenses' assets will enable Vision-Ease to solidify its position as the world's number one manufacturer of fused, multi-focal glass lenses. This combined with Vision-Ease's leadership positions in polycarbonate A category of plastic materials used to make a myriad of products, including CDs and CD-ROMs. lenses and plastic specialty lenses will enable Vision-Ease to expand its high quality and service standards to a broader portion of the ophthalmic community. As BMC (BMC Software, Inc., Houston, TX, www.bmc.com) A leading supplier of software that supports and improves the availability, performance, and recovery of applications in complex computing environments. continues on the path of growth and expansion, we will continue to pursue acquisition and investment opportunities that fit our corporate philosophy, which will in turn increase shareholder value." BMC is one of the world's largest manufacturers of aperture masks for color picture tubes used in televisions and computer monitors. Through Vision-Ease, the company is also a leading producer of polycarbonate, glass and plastic eyewear lenses. The common stock of the company is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "BMC". CONTACT: BMC Industries Inc. Michael P. Hawks 612/851-6030 |
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