RAMSEY, Minn.--(BUSINESS WIRE)--Vision-Ease Lens announced today its acquisition by Wind Point Partners, a Chicago-based private equity investment firm. Details of the deal were not disclosed.
Vision-Ease Lens is a leading, global manufacturer of branded ophthalmic lenses, including clear, photochromic and polarized lenses in polycarbonate, hard resin, glass and high-index materials. Its products are sold wholesale and through independent and retail eye care locations worldwide.
“This recapitalization with Wind Point Partners will enable our long-term growth in some key areas, while continuing our excellence in day-to-day operations,” said Doug Hepper, president and CEO of Vision-Ease Lens. “The leadership team is investing alongside Wind Point to expand our business capabilities within and adjacent to our core competencies. We will also be able to devote more resources to global growth.”
Wind Point Partners is a leading private equity firm investing with experienced management in well-positioned companies that have strong growth potential.
“Vision-Ease Lens is a strong investment for our firm because of its long-standing stability and position as a market leader in value-added ophthalmic lenses, as well as the breadth of its products and strong brand reputation,” said Nathan Brown, a managing director at Wind Point Partners. “We will contribute Wind Point’s expertise and resources to build on these core strengths with increased internal investment and acquisitions.”
About Vision-Ease Lens
Headquartered in Ramsey, Minn.,
Vision-Ease Lens is a manufacturer of quality ophthalmic lenses
including LifeRx® and ChangeRx light-responsive lenses, SunRx and
Coppertone® polarized lenses, and Novel and Novella progressive
line-free lenses. Vision-Ease Lens products are sold through wholesale
labs, independent opticians, optometrists and ophthalmologists, as well
as many retail chains and dispensing markets across the globe. For more
information about Vision-Ease Lens and its products, visit www.vision-ease.com.
About Wind Point Partners
Wind Point Partners is a private
equity investment firm that partners with top-caliber CEOs to acquire
middle market businesses where we can establish a clear path to value
creation. Since our founding in 1984, we have raised over $2.8 billion
in commitments. Additional information about Wind Point is available at www.windpointpartners.com.
