Hilco in new hands
Wednesday, June 4 2014 | 00 h 00 min | News
Blue Point Capital Partners, a private equity firm, announced that it has acquired The Hilsinger Company (Hilco). No details have been disclosed.
Founded in 1956, Hilco supplies more than 20,000 products in a broad range of categories, including prescription protective eyewear, optical accessories and ophthalmic products. With more than 25,000 customers worldwide, the company has five primary brands: Hilco, Wilson Ophthalmic, Leader, OnGuard Safety and i-Promotions.
“This is our fourth private equity owner,” said Bob Nahmias, CEO of Hilco, in a press release. “There will be no changes at Hilco. Blue Point’s access to exceptional resources, including its presence in China, will be invaluable to Hilsinger as we look to expand into other markets and broaden our eyewear and eye care product offerings,” he added.
John LeMay, a partner with Blue Point, who manages over $800 million in committed capital, is pleased with the addition. “Hilsinger’s market leadership and history of successful acquisitions create a strong platform for future growth,” he said. “We plan to support the company in executing additional domestic and international acquisitions and optimizing its sourcing capabilities with our Shanghai-based supply-chain team.”