New Look Closes Purchase of Greiche & Scaff

New Look Eyewear Inc. ((TSX: BCI)), the Canadian optical retailer, completed its acquisition of certain optical assets and business forming part of Optic Direct Inc, carrying on business under the Greiche & Scaff banner in Quebec. The deal was valued at C$17.75 million in cash plus assumed liabilities, subject to customary price adjustments.   After the acquisition, the combined New Look entities will have revenues exceeding C$160 million and a store network of 190 locations, making them the second largest Canadian integrated retail optical company and the eighth largest in North America, the company's statement said.