VSP Vision Agrees to Acquire PAI-Backed Eyewear Firm Marcolin

VSP Vision, the US owner of Marchon Eyewear, agreed to acquire rival Italian eyewear manufacturer Marcolin SpA.

Private equity firm PAI Partners and other minority shareholders have agreed to sell Marcolin to Vision, according to a statement Friday that confirmed an earlier Bloomberg News report. It didn’t provide financial terms.

PAI had been seeking a valuation of more than €1 billion ($1.2 billion) for the business, people with knowledge of the matter said earlier.

Marcolin is based in the northeastern Italian town of Longarone, in the country’s eyewear region near the Dolomites. The company designs, manufactures and ...