Ricoh Plans To Expand Camera Business, Buys Pentax Brand From Hoya

Camera brand Pentax will soon have a new owner: Tokyo-based Hoya group, which purchased the brand in 2007, is ready to sell [notice of sale as an English PDF] it to Ricoh in October this year. According to Japanese business daily The Nikkei, the office equipment maker plans to pay an estimated US$124 million for Pentax.

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