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CooperVision company history timeline

1958

In 1958, the year Cooper Labs began operating, Doctor Stanley Gordon founded the Contact Lens Guild in Rochester, New York.

1965

Gordon, who renamed the company Gordon Contact Lenses, Inc. in 1965, was renowned for his expertise in rigid lens design, but his most celebrated work involved the development of soft contact lenses.

1970

In 1970, Union Corporation purchased Gordon’s company, creating a new company named UCO Optics.

1976

After an extensive development phase, UCO Optics used its proprietary tetrafilcon to unveil its Aquaflex brand in 1976, the third soft contact lens to be approved by the Food and Drug Administration (FDA).

1980

CooperVision was incorporated in 1980.

1981

In 1981, Montgomery was in the midst of orchestrating a mammoth deal: two acquisitions that would transform Cooper Labs into a billion-dollar conglomerate essentially overnight.

1982

Again, Cooper Labs teetered on the brink of collapse, its interest expense rising to $25 million, or 65 percent of the company’s 1982 operating profit.

1983

As part of a strategy that Montgomery called “Project Supernova,” parts of two subsidiaries were sold to the public in 1983.

Investors paid 35 times CooperBiomedical’s 1983 earnings in the offering.

1985

In 1985, the company expanded its product line to include the Permalens, Permaflex, and Aquaflex brands.

1987

In 1987, CooperVision, Inc. changed its name to The Cooper Companies, Inc. and organized into three groups: Cooper Technicon, CooperSurgical, and CooperVision.

1988

Montgomery stepped down in August 1988, leaving a company he had started 30 years earlier.

Montgomery fell short of his five-year sales goal, but by 1988 he had more than tripled the size of CooperVision, increasing its annual revenue to more than $625 million.

1990

CooperSurgical was formed in 1990, the year it acquired Frigitronics, a technology company that produced an assortment of gynecological and ophthalmic products.

1991

Thomas Bender joined Cooper Companies in 1991 as its new chief operating officer.

1993

In 1993, the subsidiary purchased CoastVision, Inc., a manufacturer of toric lenses.

1994

The decision to divest HGA stripped Cooper Companies of roughly $50 million in annual revenue, but Bender, named chief executive officer in 1994, wanted to sharpen the company’s focus exclusively on medical devices.

1998

In 1998, CooperSurgical made further advances when it introduced “Cerveillance,” a device the company developed that enabled physicians to document, store, and retrieve digital images of cervix examinations.

1999

In March 1999, CooperVision received regulatory clearance to market lenses in Japan.

2000

Crabtree, Penni, “Irvine, Calif.-Based Contact Lens Maker Eyes Its Options,” Knight-Ridder/Tribune Business News, January 18, 2000.

2004

In 2004 CooperVision acquired Ocular Sciences Inc., a company that manufactures three different contact lenses: Biomedics 38, Biomedics 55 and Biomedics 55 Premier.

2012

In 2012, this rebrand was one of five companies to win the "Best of Awards" by REBRAND.

2014

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

2021

Search for more Biomedics 55 Premier contacts here!Prices on Biomedics 55 Premier were updated Sunday, May 23, 2021

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Founded
1958
Company founded
Headquarters
San Ramon, CA
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Bausch + Lomb1853$4.8B12,000851
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CooperVision history FAQs

Zippia gives an in-depth look into the details of CooperVision, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CooperVision. The employee data is based on information from people who have self-reported their past or current employments at CooperVision. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CooperVision. The data presented on this page does not represent the view of CooperVision and its employees or that of Zippia.

CooperVision may also be known as or be related to CooperVision, CooperVision Inc., CooperVision, Inc., Coopervision, Coopervision Inc and Coopervision, Inc.