Jackim Woods & Co. Advises Good-Lite Co. on Acquisition of Richmond Products
ELGIN, IL, July 14, 2015 – The Good-Lite Company, the worldwide leading manufacturer of eye charts and LED-based illumination cabinets, is pleased to announce that it has acquired the assets of Richmond Products, a leading provider of handheld vision testing and evaluation equipment.
Richmond Products, based in Albuquerque, NM, 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.
Good-Lite will continue manufacturing the industry standard ETDRS charts and LED-based cabinet as well as LEA SYMBOLS® and LEA NUMBERS® pediatric acuity products. Both firms will work together to sustain expansion of their Vision Training product offerings.
The acquisition of Richmond Products by Good-Lite cements the close working relationship the two companies have had for many years. “The acquisition will enable both organizations to expand our leadership positions in our respective segments of the eye care market,” said Chris Greening, Good-Lite’s General Manager. “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 (TBI), Vision Rehab, Binocular Vision and Pediatric Ophthalmology and Optometry,” said Lloyd Powell, President of Richmond Products.
The two companies will work closely with customers, employees and suppliers to make the integration as smooth as possible. There are several things that will not change:
- 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
- Location of each firm remains unchanged
- Existing phone numbers and web sites will continue unchanged.
- Richmond will continue to operate under the Richmond name as a division of the Good-Lite Company.
Rich Jackim with Jackim Woods & Co. represents Good-Lite Company and School Health Corporation in its corporate development activities and arranged the transaction.
About Good-Lite Company
Founded in 1930, Good-Lite Company (www.good-lite.com) offers a complete range of vision testing and evaluation products, including the new self-calibrating ETDRS Standardized Viewer, Cortical Visual assessment, near and distance acuity charts including the LEA SYMBOLS® and LEA NUMBERS®, high and low contrast, stereo vision and color vision testing.
About Richmond Products
Richmond Products (www.richmondproducts.com) focuses on Neuro, Pediatric and General Eye Care and has been an innovator in the manufacture of eye examination products. Richmond’s HRR Pseudoisochromatic Plates provide the most comprehensive and clinically verified diagnosis for genetic and acquired color vision defects. Other products address Ocular Motility, Visual Field, Contrast Sensitivity, Disease Detection, and Binocular Vision.