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BOL meaning in Business ? |
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Answer» What is Bausch & Lomb, Inc. mean? Bausch + Lomb is an eye health products company based in Laval, Quebec, Canada. It is one of the world's largest suppliers of contact lenses, lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products. The company was founded in Rochester, New York, in 1853 by optician John Bausch and cabinet maker turned financial backer Henry Lomb. Until its sale in 2013, Bausch + Lomb was one of the oldest continually operating companies in the United States. Bausch + Lomb was a public company listed on the NYSE, until it was acquired by private equity firm Warburg Pincus in 2007. In May 2013, it was announced that Canadian-based Valeant Pharmaceuticals would acquire Bausch + Lomb from Warburg Pincus for $8.57 billion in cash. The deal, which was approved by shareholders, included $4.2 billion earmarked to pay down Bausch + Lomb debt and closed on August 5, 2013. Today, the company employs about 12,000 people in 36 countries. reference
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