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"Given the rapidly changing eyecare marketplace, this is a win for Marchon, VSP and the optical industry," Al Berg, president and CEO of Marchon, states. "This merger will help us continue our vision for growth by expanding our products, services and programs to our global customer base." VSP and Marchon will provide the following offerings to the marketplace: -- Vision care benefits and services; -- A global distribution channel; -- An international portfolio of eyewear brands; -- Integrated eyewear design and manufacturing capabilities; -- Practice management technology; and, -- Custom interior designs and merchandising systems. VSP Vision Care provides vision insurance benefits to one in every six Americans. Through its network of more than 25,000 private practice eye doctors, VSP delivers full-service eyecare benefits to 55 million members in the United States and Canada. VSP is based in Rancho Cordova, Calif., and has a workforce of 2,400 employees. VSP's total revenue in 2007 was $2.6 billion. Since its founding in 1983, Marchon has grown into one of the three largest eyewear companies in the world. Headquartered in Melville, N.Y., Marchon has international offices in Amsterdam, Hong Kong and Tokyo. The Marchon sales team and employees number more than 2,500 globally. Marchon's total sales in 2007 exceeded $525 million.
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