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D.O.C. Optics Corporation is pleased to announce the closing of the purchase and sale of its assets to affiliates of Luxottica Group S.p.A.  This acquisition, which became effective February 24, 2007, impacts approximately 100 stores located in Michigan, Wisconsin, Ohio, Illinois, Missouri, and Florida. The purchase price to D.O.C and its affiliates is approximately $110 million.
 
According to Richard S. Golden, D.O.C’s Chief Executive Officer and President, “the public has seen my last dance.” The always exciting CEO spokesperson for D.O.C was known for fancy footwork and “Sexy Specs,” which added an edge and fun to D.O.C’s TV commercials.
 
“This is a bittersweet time for our family as D.O.C has been in our lives since it was started by my father, Dr. Donald L. Golden, in 1946.” says Golden. “We are pleased that the vast majority of our employees will continue employment, which was a key objective for us.” Golden adds, "Luxottica is a terrific company and will be a wonderful new home for our valued employees, doctors and customers.”
 
Although the Golden family will not be joining Luxottica, members of the Golden family will continue to operate SEE Eyewear Stores located in various cities throughout the United States.
 
Source : Communiqué de presse

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