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CooperVision

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CooperVision, Inc.
Company typePublic
IndustryMedical devices
PredecessorMartin H. Smith Co., Cooper Tinsley Laboratories, Inc.
Founded1958 (1958)
HeadquartersSan Ramon, California,
United States
Area served
Worldwide
Key people
Daniel G. McBride (President)
ProductsContact lenses
RevenueIncrease $1.1 billion in fiscal (2011)[1]
ParentThe Cooper Companies, Inc.
WebsiteCooperVision
CooperVision in Ontario

CooperVision, Inc. is a business unit of The Cooper Companies, Inc.. It is primarily a soft contact lens manufacturer. The company was founded in 1980, and it is headquartered in Pleasanton, California. Its products are sold in over 100 countries.

CooperVision manufactures in Juana Díaz, Puerto Rico; Scottsville, New York; Alajuela, Costa Rica; Gyál, Hungary; and Hamble and Southampton in Hampshire, England. It has major distribution centers in the U.K., U.S., and Belgium.[2]

History

CooperVision's parent company, The Cooper Companies, Inc., started in 1958 as the Martin H. Smith Co. The company name changed to Cooper Laboratories, Inc. in 1967. In 1978, the company reorganized into Cooper Laboratories, Cooper Medical Devices, Cooper Dental, Cooper International, and CooperVision. CooperVision was incorporated in 1980. The company then went public in 1983.[3] In 1987, CooperVision, Inc. changed its name to The Cooper Companies, Inc. and organized into three groups: Cooper Technicon, CooperSurgical, and CooperVision.[4]

In 2004, CooperVision acquired Ocular Sciences, Inc., a global manufacturer and marketer of soft contact lenses. This acquisition helped the company become the third-largest soft contact lens manufacturer in the world.[5] (Technically acquisition concluded on January 7, 2005)

In 2011, CooperVision announced its rebranding, developed by Siegel+Gale, a global branding firm.[6] In 2012, this rebrand was one of five companies to win the "Best of Awards" by REBRAND.[7]

Also in 2011, CooperVision initiated a product recall on a limited number of lots of Avaira spherical and toric lenses. This was a result of identifying certain lots that did not meet the company's updated quality requirements.[8]

In 2013, researchers from CooperVision, along with others from Linköping University, the University of Ottawa, FibroGen Inc., and Synsam Opticians participated in a study on the partial success of artificial corneas. This study was published in the Science Translational Medicine and reported on the BBC.[9]

In August 2014, CooperVision completed the acquisition of Sauflon Pharmaceuticals Limited, a UK based manufacturer of daily disposable silicone based contact lenses.[10]

In December 2017, CooperVision completed the acquisition of Paragon Vision Sciences. This was followed by the acquisition of Blanchard Contact Lenses in 2019 and GP Specialists in 2020.

CooperVision acquired SynergEyes in 2021, a manufacturer of hybrid (soft + rigid) contact lenses.

CooperVision acquired EnsEyes in November, 2022, a Danish specialty contact lens manufacturer.

Products

CooperVision develops, manufactures, and markets a range of contact lenses to a worldwide market. CooperVision produces both spherical contact lenses and specialty lens products in varying wearing and replacement schedules (i.e., how long a lens can be worn prior to removal and before it must be discarded).[11]

America's Best, Walmart, Costco, Visionworks, Pearle Vision, Target Corporation and Vision Source private label contacts are manufactured by CooperVision.

References

  1. ^ The Cooper Companies, Inc. (December 16, 2011). "Form 10-K for the fiscal year ended October 31, 2011". Washington, D.C.: U.S. Securities and Exchange Commission. File 001-08597, film 111266546. Retrieved December 27, 2011.
  2. ^ "Shareholder information" (PDF). Archived from the original (PDF) on October 19, 2013. Retrieved October 18, 2013.
  3. ^ "History". CooperVision. Retrieved October 18, 2013.
  4. ^ "History". The Cooper Companies, Inc. December 31, 2013. Retrieved August 23, 2015.
  5. ^ Salgado, Brian. "Salgado, Brian CooperVision. Supply Chain World". Scw-mag.com. Archived from the original on October 4, 2013. Retrieved October 18, 2013.
  6. ^ "Pierce, Lisa McTigue CooperVision rebrands, launches 'vivid' visual identity. Packaging Digest". Packagingdigest.com. Archived from the original on August 29, 2011. Retrieved October 18, 2013.
  7. ^ "2012 REBRAND 100 Global Awards Brands". Rebrand.com. Archived from the original on October 19, 2013. Retrieved October 18, 2013.
  8. ^ "Lamar, Mia Cooper expands Avaira contact lens recall Marketwatch. Retrieved December 19, 2012". Marketwatch.com. Retrieved October 18, 2013.
  9. ^ "Partial Success of Artificial Corneas. The Shields Gazette". Shieldsgazette.com. Archived from the original on October 24, 2013. Retrieved October 18, 2013.
  10. ^ "Acquisition of Sauflon Pharmaceuticals Limited". The Cooper Companies, Inc. August 6, 2014.
  11. ^ Salgado, Brian. "CooperVision corporate portal". Scw-mag.com. Archived from the original on October 4, 2013. Retrieved October 18, 2017.
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