Elgin-based Good-Lite Co., a leading maker of eye charts and LED-based illumination cabinets, said Monday it has purchased the assets of Richmond Products for an undisclosed amount.
"The acquisition will enable both organizations to expand our leadership positions in our respective segments of the eye-care market," Good-Lite General Manager Chris Greening said. "Richmond's strong presence in medical schools and their exclusive distribution rights to several innovative products will complement our complete range of vision testing products."
The acquisition will increase the ability of both firms to make investments in key solutions for optometry and ophthalmology.
"We will be able to support the expanded development of solutions for the emerging areas in eye care such as traumatic brain injury, vision rehab, binocular vision and pediatric ophthalmology and optometry," Richmond Products President Lloyd Powell said.
Richmond Products, based in Albuquerque, New Mexico, will continue to operate with its current staff from its current location where it provides over 2,000 vision testing products including eye care's most comprehensive color vision test, the HRR Pseudoisochromatic Plate Test 4th Edition.
The two companies will work closely with customers, employees and suppliers to make the integration as smooth as possible.
The acquisition will not affect the following operations:
- Customers and suppliers will continue to work with the same employees in each firm as they have in the past.
-Good-Lite and Richmond Products staff will be retained in their current roles.
- Customer Service, pricing and order fulfillment will not change.
- Existing phone numbers and websites will continue unchanged.
- Richmond will continue to operate under the Richmond name as a division of the Good-Lite Co.