222 Bausch & Lomb - Bausch & Lomb Incorporated...

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Bausch & Lomb Incorporated, one of the oldest continuously operating companies in the U.S today. Bausch & Lomb traces its roots to 1853, when John Jacob Bausch, a German immigrant, set up a tiny optical goods shop in Rochester, New York. That early shop sold eyeglasses, magnifiers, microscopes, and other products imported from Europe. Shortly thereafter, when he needed additional capital, he borrowed $60 from his good friend Henry Lomb and offered as security the promise that, if the business ever grew to such an extent that he needed a partner, Lomb would be brought in. The business did grow, and a partnership was formed. (1) That was the beginning of Bausch and Lomb and it is still around today. Just recently Bausch and Lomb have had many big changes. In September this piece came out about the company. “Bausch & Lomb said that the Turkish Competition Board approved its merger with WP Prism Merger Sub Inc., an affiliate of Warburg Pincus LLC. The Rochester, N.Y., eye care products company got notification of the agency's unconditional approval on Aug. 21, according to a Securities and Exchange Commission filing. Bausch & Lomb said it has also satisfied requirements under China's competition laws with the requisite merger waiting period expiring on Aug. 31, the filing said. The company's shareholders are scheduled to vote Sept. 21 on the acquisition by the Warburg Pincus private equity firm for $3.67
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222 Bausch & Lomb - Bausch & Lomb Incorporated...

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