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Hoya says Ricoh to buy its Pentax camera business

01/07/2011 - 5:54

TOKYO (Reuters) - Japanese optical glassmaker Hoya said on Friday it would sell its Pentax camera business to copier and printer maker Ricoh in a deal that will go through on October 1.

Hoya did not disclose how much Ricoh would pay for the business, but the Nikkei business daily said earlier it would be about 10 billion yen ($124 million). ($1 = 80.530 Japanese Yen)

(Reporting by Isabel Reynolds; Editing by Chris Gallagher)