Okley has signed recently a final acquisition contract to acquire all properties under the name of Eye-Safty System Inc (ESS) with 110 million US-dollar. ESS is until now the biggest supplier of high qualified eye goggles for the use in fire-fighting and military sector throughout the world.

Mr John Dondero, the founder & director of ESS said, this acquisition should be a good opportunity for the development of both sides. He believed that the strong financial support, international resources and experience of Oakley will help ESS to expand in the worldwide goggle market.

Oakley stated that this deal would help to increase the sales volume of Oakley in 2007 to 30 million US-Dollar and increase the value of each Oakley stock by 5 cent.

Please note: this news stems from ispo china