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Bausch Lomb
built 639 days ago
Bausch & Lomb is an American company based in Rochester, New York, is one of the world's leading suppliers of eye health products, such as contact lenses and lens care products today. In addition to this main activity, in recent years the area of medical technology (medicines, implants for eye diseases) has been developed. Bausch & Lomb became well known because of its famous Ray-Ban brand of sunglasses, which was sold in 1999 to the Italian Luxottica Group. Today, the company employs about 13,000 people in 36 countries. The company was founded in 1853 by two Germans, John Jacob Bausch and Henry Lomb.[1]
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At the beginning of 1994, Bausch & Lomb was a respected company with an apparently strong position in the US optical products and eye-care sector. It had charmed investors with double-digit earnings growth most years from the mid-1980s up until 1994.
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In May 2006, Bausch & Lomb announced that cases of Fusarium keratitis had been reported by ReNu users in Europe, the first time the company acknowledged European cases since the news of the fungus went public. The Centers for Disease Control and Prevention ... stated that over a dozen people diagnosed with the fungus had used a different ReNu product, ReNu Multiplus, which the company is still selling. In at least six separate cases, according to the CDC, people used solutions from two other companies.
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Since then, Bausch & Lomb has developed into a globally-operating company which is among the market leaders in contact lens production. The company headquarters is still in Rochester. From here, research and process development, as well as production plants all over the world, are coordinated. Today, about 13,000 employees in 36 countries work for the firm. Total turnover for the year 2006 was estimated at 2.29 billion USD. The company’s competitors in the international health-care services market are Johnson & Johnson, Alcon, Allergan, MSD-Chibret and Ciba-Vision.
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Bausch & Lomb has always been regarded as a reputable consumer-product company specializing in eye health and perfecting vision. During its 153-year history, the Rochester, New York, the company has gradually become a highly visible and respected healthcare brand worldwide with annual revenues of over $2 billion from sales in over 100 countries where it employs some 13,700 people.
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Bausch & Lomb Inc. is the United States' leading ophthalmic goods firm and stands as one of the premiere contact lens manufacturers in the world. The company ... produces Ray-Ban sunglasses, the best-selling line of sunglasses in the world, as well as several other brands of high-end sunglasses. As of the late 1990s, the company was restructuring to focus on products related to the eye. It sold such unrelated units as its skin care products and its oral care business and directed acquisitions toward high-margin eye care products, such as those for ophthalmic surgery. The company's pharmaceutical unit was also narrowing its focus to prescription and over-the-counter ophthalmics.
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