Marcolin SpA and its affiliates backed by leading European private equity firm PAI Partners together with HVHC Inc., the holding company for Visionworks of America, Inc., Davis Vision, Inc. and Viva Optique, Inc. (Viva International), today announced the signing of a Stock Purchase Agreement under which Marcolin agrees to acquire Viva International.
Giovanni Zoppas, CEO of Marcolin, said, “We are very pleased to announce the acquisition of Viva International. The combination of the two companies will deliver significant extra value for our customers and brands, creating a truly global player in the industry as we look to expand our footprint with the support of PAI Partners.”
David Holmberg, HVHC’s President and C.E.O., said, “We are very excited about the possibilities that this acquisition will bring to Viva’s customers and we look forward to developing a strong, strategic business relationship with Marcolin.”
The acquisition, which is subject to satisfaction of customary closing conditions (including required domestic and international governmental approvals), is expected to become effective in the next few months.
Marcolin, is amongst the leading companies for eyewear and stands out in the luxury sector for the high quality of its products, focus on details and prestigious distribution network. In 2012, the company has sold about 5,5 million eyeglasses with over 700 models. The portfolio of brands under licence includes: Tom Ford, Balenciaga, Montblanc, Roberto Cavalli , Tod’s, Swarovski, DSquared2, Diesel, 55DSL, Just Cavalli, Cover Girl, Kenneth Cole New York, Kenneth Cole Reaction, Timberland. The Group’ s own brands include Marcolin, National and Web.
HVHC Inc. is a privately-held, for-profit holding company of a portfolio of vision companies which includes, among other companies, Davis Vision, Inc., Viva Optique, Inc. and Visionworks of America, Inc. (formerly Eye Care Centers of America, Inc.). Together the vertically integrated company is the third largest provider of managed vision care products and services, and the third largest operator of specialty optical retail stores, in the United States.
By Lolita A. Alford