Bausch and Lomb
 |
|
| Subsidiary | |
| Industry | Medical instruments, Pharmaceuticals & Supplies |
| Founded |
Rochester, New York, U.S. (1853) |
| Founder |
John Jacob Bausch Henry Lomb |
| Headquarters | Bridgewater, New Jersey, USA |
|
Key people
|
Dan Wechsler, Executive VP and Company Group Chairman |
| Products | Contact lenses, Eye-care products, Rx and Surgical IOLs and equipment |
| Revenue |
 $1.51 Billion USD (2007) |
|
$200 Million USD (2007) |
|
|
Number of employees
|
1,103 (2015) |
| Parent | Valeant Pharmaceuticals |
| Website | www |
Bausch + Lomb, an American company founded in Rochester, New York, is one of the world's largest suppliers of eye health products, including contact lenses, lens care products, medicines and implants for eye diseases. The company was founded in 1853 by an optician, John Jacob Bausch, and a financier, Henry Lomb. Its Ray-Ban brand of sunglasses was sold in 1999 to the Italian Luxottica Group. Bausch + Lomb was a public company listed on the NYSE until it was acquired by the private equity firm Warburg Pincus PLC in 2007. In May 2013, Valeant Pharmaceuticals agreed to buy Bausch + Lomb from Warburg Pincus LLC for $8.57 billion in cash. The deal, which was approved by share holders, included $4.2 billion earmarked to pay down Bausch + Lomb debt, and closed on August 5, 2013. Today, the company is headquartered in Bridgewater, New Jersey, and employs about 13,000 people in 36 countries.
Bausch + Lomb was founded in 1853 by John Jacob Bausch and Henry C. Lomb both German immigrants, in Rochester, New York. A trained optician, Bausch found in Lomb the financier and partner he needed for a small but ambitious workshop producing monocles. In 1861, the company manufactured Vulcanite rubber eyeglass frames and other precision vision products.
During the American Civil War, the Union blockade caused the price of gold and European horn to rise dramatically. This resulted in a growing demand for the Bausch & Lomb spectacles made from Vulcanite.
In 1876, Ernst Gundlach joined the company and the company began manufacturing microscopes. Later that year, the Bausch & Lomb Optical Company won a distinction at the Philadelphia Centennial Exposition. The company also produced photographic lenses (1883), spectacle lenses (1889), microtomes (1890), binoculars and telescopes (1893). From 1892 in cooperation with Zeiss in Germany, the company produced optical lenses. In this manner, at the end of the 19th century, the product range included eyeglasses, microscopes and binoculars, as well as projectors, camera lenses and camera diaphragms.
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Wikipedia