2006-10-25

Menicon and NKL agree to long-term strategic alliance

NKL B.V. and Menicon Co., Ltd. the Dutch and world's largest GP manufacturers, respectively agreed to collaborate in all areas of operations including R&D, manufacturing, logistics, marketing and sales on a global basis.

NKL will begin manufacturing and distributing contact lenses with Menicon materials as well as distributing Menicon's Lens Care Products in the Dutch market. Menicon will also begin distributing NKL's contact lenses through its European subsidiaries in France, Germany, Spain, and the United Kingdom.

To assure operational collaboration and a long-term strategic alliance, the companies have agreed that Menicon participates in the shareholdings of NKL. Mr Henk van Bruggen current Managing Director of NKL - will remain as Managing Director of the company.

"This strategic alliance will bring enormous opportunities to NKL", said Mr. Henk van Bruggen.

"Menicon has now entered the second largest GP market after Japan". "The collaboration with NKL is a very important step forward for our expansion in Europe", said Dr. Hidenari Tanaka - President of Menicon Co., Ltd NKL B.V. and Menicon Co., Ltd. the Dutch and world's largest GP manufacturers, respectively - agreed to collaborate in all areas of operations including R&D, manufacturing, logistics, marketing and sales on a global basis.

NKL will begin manufacturing and distributing contact lenses with Menicon materials as well as distributing Menicon's Lens Care Products in the Dutch market. Menicon will also begin distributing NKL's contact lenses through its European subsidiaries in France, Germany, Spain, and the United Kingdom.

To assure operational collaboration and a long-term strategic alliance, the companies have agreed that Menicon participates in the shareholdings of NKL. Mr Henk van Bruggen – current Managing Director of NKL - will remain as Managing Director of the company.

"This strategic alliance will bring enormous opportunities to NKL", said Mr. Henk van Bruggen.

"Menicon has now entered the second largest GP market after Japan". "The collaboration with NKL is a very important step forward for our expansion in Europe", said Dr. Hidenari Tanaka - President of Menicon Co., Ltd

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