CooperVision
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| Company type | Public |
|---|---|
| Industry | Medical devices |
| Predecessor | Martin H. Smith Co., Cooper Tinsley Laboratories, Inc. |
| Founded | 1958 |
| Headquarters | San Ramon, California, |
Area served | Worldwide |
Key people | Daniel G. McBride (President) |
| Products | Contact lenses |
| Revenue |  $1.1 billion in fiscal (2011)[1] |
| Parent | The Cooper Companies, Inc. |
| Website | 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
[edit]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][1]
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.[11] This was followed by the acquisition of Blanchard Contact Lenses in 2019[12] and GP Specialists in 2020.[13]
CooperVision acquired EnsEyes, a Danish specialty contact lens manufacturer, in June 2022.[14]
In November 2022, CooperVision announced the acquisition of SynergEyes, a hybrid contact lens manufacturer based in Carlsbad, California.[15] The acquisition was completed in January 2023.[16]
Products
[edit]CooperVision develops, manufactures, and markets a range of contact lenses. CooperVision produces both spherical contact lenses and specialty lens products.[17]
America's Best, Walmart, Costco, Visionworks, Pearle Vision, Target Corporation and Vision Source private label contacts are manufactured by CooperVision.[citation needed]
References
[edit]- ^ a b The Cooper Companies, Inc. (December 16, 2011). "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. Retrieved December 27, 2011.
- ^ "Shareholder information" (PDF). Archived from the original (PDF) on October 19, 2013. Retrieved October 18, 2013.
- ^ "History". CooperVision. Retrieved October 18, 2013.
- ^ "History". The Cooper Companies, Inc. December 31, 2013. Retrieved August 23, 2015.
- ^ Salgado, Brian. "Salgado, Brian CooperVision. Supply Chain World". Scw-mag.com. Archived from the original on October 4, 2013. Retrieved October 18, 2013.
- ^ "Pierce, Lisa McTigue CooperVision rebrands, launches 'vivid' visual identity. Packaging Digest". Packagingdigest.com. Archived from the original on August 29, 2011. Retrieved October 18, 2013.
- ^ "2012 REBRAND 100 Global Awards Brands". Rebrand.com. Archived from the original on October 19, 2013. Retrieved October 18, 2013.
- ^ "Lamar, Mia Cooper expands Avaira contact lens recall Marketwatch. Retrieved December 19, 2012". Marketwatch.com. Retrieved October 18, 2013.
- ^ "Partial Success of Artificial Corneas. The Shields Gazette". Shieldsgazette.com. Archived from the original on October 24, 2013. Retrieved October 18, 2013.
- ^ "Acquisition of Sauflon Pharmaceuticals Limited". The Cooper Companies, Inc. August 6, 2014.
- ^ GlobalData 2024, p. 20.
- ^ GlobalData 2024, p. 19.
- ^ GlobalData 2024, p. 18.
- ^ "CooperVision Acquires EnsEyes to Accelerate Nordic Region Specialty Contact Lens Growth" (Press release). San Ramon, California: CooperVision. June 1, 2022. Archived from the original on October 8, 2024. Retrieved October 8, 2024.
- ^ "CooperVision Adds SynergEyes to Expand Specialty Contact Lens Adoption in North America". PR Newswire (Press release). San Ramon, California. November 3, 2022. Archived from the original on October 8, 2024. Retrieved October 8, 2024.
- ^ "Carter Ledyard Client CooperVision Completes Acquisition of SynergEyes". Carter Ledyard & Milburn LLP. January 3, 2023. Archived from the original on October 8, 2024. Retrieved October 8, 2024.
- ^ Salgado, Brian. "CooperVision corporate portal". Scw-mag.com. Archived from the original on October 4, 2013. Retrieved October 18, 2017.
Sources
[edit]- CooperVision Inc – Medical Equipment – Deals and Alliances Profile. Deals and Alliances Profiles (Report). GlobalData. August 2024 – via ProQuest.