The private equity firm Blue Point Capital Partners recently recapitalized the 58-year-old, Plainville, MA, optical company, Hilco (Hilsinger Company). Hilco supplies more than 20,000 optical products such as prescription eyewear, consumer and professional optical accessories, and ophthalmic products through five primary brands: Hilco, Wilson Ophthalmic, Leader, OnGuard Safety and i-Promotions.
Hilco CEO Bob Nahmias claims that "Blue Point's access to exceptional resources, including its presence in China, will be invaluable...as we look to expand." The China connection appears to be a big element to this deal, as indicated by Blue Point partner John LeMay: "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." Read more.