Foothill Ranch-based Oakley Inc. made its second buy of an upscale glasses chain in as many months on Tuesday by acquiring Aliso Viejo-based Optical Shop of Aspen.
Terms weren’t disclosed. The deal is set to close in the second quarter, according to Oakley, which said it expects Optical Shop of Aspen to add to earnings this year.
Optical Shop of Aspen counts estimated yearly sales of about $40 million.
In February, Oakley announced plans to pay $56 million for Los Angeles-based Oliver Peoples Inc., another upscale seller of glasses.
Optical Shop of Aspen has 14 stores in Arizona, California, Colorado, Florida, New Mexico and Missouri. The chain is set to operate as an Oakley subsidiary.
Founder Larry Sands, who moved Optical Shop of Aspen from Arizona to Orange County in the late 1990s, plans to stay on as chief executive of the unit.
He plans to keep ownership of OSA International, a separate wholesale company.
Sands has sold glasses to rock stars, oilmen and a Saudi prince. He got his start grinding lenses for an optometrist in his native Missouri at age 15.
