Hilco Vision has acquired German optical equipment and frame distributors Breitfeld & Schliekert (B&S) and Lexxoo International. The transactions represent the first add-on acquisitions for Hilco Vision since Blue Point Capital Partners acquired it in May 2014.
Hilco chief executive officer Ross Brownlee said: ‘Hilco Vision has enjoyed a strong presence and reputation in the United States and United Kingdom for many years. The same is true of B&S and Lexxoo in Germany and many parts of continental Europe. Both parties share a common purpose to bring innovative solutions with exceptional quality to support our customers. Through this acquisition, we seek to further enhance those solutions and extend our reach to customers globally.’
B&S is a distributor of optical and optometric tools, equipment, supplies and accessories and has been trading over 85 years. With over 9,500 active customers, B&S is the largest provider of optical products in Germany, said a spokesperson for Hilco.
Lexxoo supplies sunglasses, reading aids, contact lenses and related products to large retailers, including convenience and drug stores, throughout Germany.
Dominik Finkeldei, president of B&S, said: ‘B&S will remain a quality-driven, passionate supplier to our customers. We see the combination of our companies strengthening our offer of professional products and consumer goods to existing and new markets in the very near future.’