CooperVision explained

CooperVision, Inc.
Type:Public
Predecessor:Martin H. Smith Co., Cooper Tinsley Laboratories, Inc.
Area Served:Worldwide
Key People:Daniel G. McBride (President)
Industry:Medical devices
Products:Contact lenses
Revenue: $1.1 billion in fiscal (2011)[1]
Parent:The Cooper Companies, Inc.
Location Country:United States
Location:San Ramon, California
Homepage:CooperVision

CooperVision, Inc. is a business unit of The Cooper Companies, Inc.. It is primarily a soft contact lens manufacturer. The company was founded in 1980, and its headquarters are in Pleasanton, California. Its products are sold in over 100 countries.

CooperVision manufactures in Juana Díaz, Puerto Rico; Scottsville, New York; Alajuela, Costa Rica; Gyál, Hungary; and Hamble and Southampton in Hampshire, England. It has major distribution centers in the United Kingdom, United States, and Belgium.[2]

History

CooperVision's parent company, The Cooper Companies, Inc., started in 1958 as the Martin H. Smith Co. The company name changed to Cooper Laboratories, Inc. in 1967. In 1978, the company reorganized into Cooper Laboratories, Cooper Medical Devices, Cooper Dental, Cooper International, and CooperVision. CooperVision was incorporated in 1980. The company then went public in 1983.[3] In 1987, CooperVision, Inc. changed its name to The Cooper Companies, Inc. and organized into three groups: Cooper Technicon, CooperSurgical, and CooperVision.[4]

In 2004, CooperVision acquired Ocular Sciences, Inc., a global manufacturer and marketer of soft contact lenses. This acquisition helped the company become the third-largest soft contact lens manufacturer in the world.[5] (Technically acquisition concluded on January 7, 2005)

In 2011, CooperVision announced its rebranding, developed by Siegel+Gale, a global branding firm.[6] In 2012, this rebrand was one of five companies to win the "Best of Awards" by REBRAND.[7]

In August 2011, CooperVision initiated a product recall certain lots of Avaira toric lenses and later spherical lenses, after identifying silicone oil residue in a limited number of lots, following customer complaints of hazy vision.[8]

In 2013, researchers from CooperVision, along with others from Linköping University, the University of Ottawa, FibroGen Inc., and Synsam Opticians participated in a study on the partial success of artificial corneas. This study was published in Science Translational Medicine and reported on the BBC.[9]

In August 2014, CooperVision completed the acquisition of Sauflon Pharmaceuticals Limited, a UK-based manufacturer of daily disposable silicone based contact lenses.[10]

In December 2017, CooperVision completed the acquisition of Paragon Vision Sciences. This was followed by the acquisition of Blanchard Contact Lenses in 2019 and GP Specialists in 2020.

CooperVision acquired EnsEyes, a Danish specialty contact lens manufacturer, in June 2022.[11]

In November 2022, CooperVision announced the acquisition of SynergEyes, a hybrid contact lens manufacturer based in Carlsbad, California.[12] The acquisition was completed in January 2023.[13]

Products

CooperVision develops, manufactures, and markets a range of contact lenses. CooperVision produces both spherical contact lenses and specialty lens products.[14]

America's Best, Walmart, Costco, Visionworks, Pearle Vision, Target Corporation and Vision Source private label contacts are manufactured by CooperVision.

References

Sources

Notes and References

  1. Web site: The Cooper Companies, Inc. . 2011-12-16 . Form 10-K for the fiscal year ended October 31, 2011 . Washington, D.C.. U.S. Securities and Exchange Commission . File 001-08597, film 111266546 . December 27, 2011.
  2. Web site: Shareholder information . October 18, 2013 . https://web.archive.org/web/20131019130142/http://files.shareholder.com/downloads/COO/0x0x599661/876c4c08-a5f6-4a93-8029-7d3740e95445/COO_Analyst_Day_Torre.pdf . October 19, 2013 . dead .
  3. Web site: History . CooperVision . October 18, 2013.
  4. Web site: History . The Cooper Companies, Inc. . December 31, 2013 . August 23, 2015.
  5. Web site: Salgado . Brian . Salgado, Brian CooperVision. Supply Chain World . Scw-mag.com . October 18, 2013 . https://web.archive.org/web/20131004220553/http://scw-mag.com/index.php/sections/manufacturing-retail/59-coopervision . October 4, 2013 . dead .
  6. Web site: Pierce, Lisa McTigue CooperVision rebrands, launches 'vivid' visual identity. Packaging Digest . Packagingdigest.com . October 18, 2013 . https://web.archive.org/web/20110829185253/http://www.packagingdigest.com/article/518163-CooperVision_rebrands_launches_vivid_visual_identity.php . August 29, 2011 . dead .
  7. Web site: 2012 REBRAND 100 Global Awards Brands . Rebrand.com . October 18, 2013 . https://web.archive.org/web/20131019062653/http://www.rebrand.com/2012-showcase . October 19, 2013 . dead .
  8. Web site: Lamar, Mia Cooper expands Avaira contact lens recall Marketwatch. Retrieved December 19, 2012 . Marketwatch.com . October 18, 2013.
  9. Web site: Partial Success of Artificial Corneas. The Shields Gazette . Shieldsgazette.com . October 18, 2013 . https://web.archive.org/web/20131024030917/http://www.shieldsgazette.com/news/health/national-health/partial-success-of-artificial-corneas-1-1358250 . October 24, 2013 . dead .
  10. Web site: Acquisition of Sauflon Pharmaceuticals Limited. The Cooper Companies, Inc. . August 6, 2014 .
  11. CooperVision Acquires EnsEyes to Accelerate Nordic Region Specialty Contact Lens Growth . 1 June 2022 . CooperVision . 8 Oct 2024 . https://web.archive.org/web/20241008182045/https://coopervision.com/our-company/news-center/press-release/coopervision-acquires-enseyes-accelerate-nordic-region . 2024-10-08 . San Ramon, California . live.
  12. CooperVision Adds SynergEyes to Expand Specialty Contact Lens Adoption in North America . . 8 October 2024 . https://web.archive.org/web/20241008183105/https://www.prnewswire.com/news-releases/coopervision-adds-synergeyes-to-expand-specialty-contact-lens-adoption-in-north-america-301666857.html . 8 October 2024 . San Ramon, California . en . 3 November 2022 . live.
  13. Web site: Carter Ledyard Client CooperVision Completes Acquisition of SynergEyes . Carter Ledyard & Milburn LLP . 8 October 2024 . https://web.archive.org/web/20241008183435/https://www.clm.com/carter-ledyard-client-coopervision-completes-acquisition-of-synergeyes/ . 8 October 2024 . 3 January 2023 . live.
  14. Web site: Salgado . Brian . CooperVision corporate portal . Scw-mag.com . October 18, 2017 . https://web.archive.org/web/20131004220553/https://www.ddplanet.ru/portfolio/project/coopervision-advokaty-brenda . October 4, 2013 . dead .