PLAINVILLE, MA — Hilco Vision has acquired Tucson, AZ-based ophthalmic supplies company Eye Care and Cure.
Terms of the deal, which was completed Nov. 30, were not disclosed.
Ross Brownlee, CEO of Hilco Vision, said, “Eye Care and Cure has built a superb reputation addressing the pharmaceutical and diagnostic needs of its customers over many years through its subject matter expertise, breadth of line, quality of service and desire to simplify the buying experience for its customers – common qualities to the aspirations of the Wilson Ophthalmic division and Hilco Vision as a group.
“I am confident the value proposition we have for our combined customer base is really enhanced by this acquisition and look forward to building further on this new platform.”
For now, the businesses will operate independently, according to a press release. Eye Care and Cure will begin carrying some key items from the Hilco Vision portfolio, including Hilco’s line of professional optical tools and lens cleaners. The Hilco Vision portfolio will include an expanded pharmaceutical selection and unique ECC products.
“We felt that Eye Care and Cure would be even better placed to continue to expand our offering to our customers as part of a bigger group and Hilco Vision was the obvious choice from the standpoint of capabilities and aligned purpose and values,” said Dr. Johan Van Dalen, CEO of Eye Care and Cure, who will support the transition to new ownership and continue to consult on product innovation.
Together Hilco Vision and Eye Care and Cure offer a national distribution network for eyecare professionals with over 30,000 products in stock, including pharmaceuticals, diagnostics, vision care and optical products. John Lakey, chief operating officer of Eye Care and Cure, will join Hilco Vision as head of the ophthalmic supplies division.