UK-based Inspecs Group, designer, manufacturer and distributor of eyewear, has bought British lens maker the Norville Group.
Inspecs’ CEO Robin Totterman said, “I am delighted to announce our first acquisition as a public limited company in line with our stated strategy, and there is no doubt that Norville is an excellent fit for the group. With Savile Row and Norville, we have combined the two oldest and most respected British optical brands – frame maker with lens maker.
“With Inspecs’ global frame manufacturing, marketing and sale capabilities, we are continuing to grow our vertically integrated business model and look forward to working together to create a truly cutting-edge integrated eyewear business,” he said.
Norville is a long-established manufacturer of optically advanced spectacle lenses, supplying optical retailers with complete spectacles, including well-known brands Barbour, Progear, Racing Green and in-house brands Mai Zee, Superlite and Blitz Kidz.
The £2.4 million acquisition includes £1.2 million of freehold property for Norville’s Gloucester site and the remainder for stock, plant, IP and contracts.
