PLAINVILLE, Mass.—Hilco Vision is expanding its presence in Europe through the acquisition of two Netherlands-based optical companies, Optiplus and Proteye.The terms of the transaction were not disclosed.

Optiplus is a leading supplier of accessories, professional tools and lens care products serving major optical chains, independents and buying group. The company is based in Leek, Netherlands, and operates a subsidiary that serves the Belgian market.

Proteye is a leader in frame design and in-house lens edging, catering to the Rx needs of the industrial safety and swim markets. Through its lab in Middelburg, Netherlands, Proteye enables safety equipment distributors to offer complete safety Rx frames for industrial end users in partnership with a panel of domestic opticians.

The two companies are subsidiaries of a new, wholly-owned holding company, Hilco Benelux. Kees Rozema, managing director for Optiplus, will also serve as managing director for Hilco Benelux and will oversee Proteye, whose founders are retiring.

"This is an important strategic step for Hilco Vision to continue bringing comprehensive solutions to our customers on a global basis,” said Ross Brownlee, chief executive officer of Hilco Vision. “The establishment of Hilco Benelux follows the acquisition made last year of Breitfeld and Schliekert in Germany. The combination of our companies brings not only scale but also greater opportunities to share innovation that can both delight and reduce complexity for our customers."

Rozema added, "Optiplus is delighted to become part of Hilco Vision group. We have so much in common and are convinced our combined products and capabilities will bring meaningful value to our existing and future customers."

In addition to Hilco Benelux, Hilco Vision operates direct subsidiaries in the U.S., Canada, the U.K., Germany, Australia and China. The company’s product portfolio is concentrated on five primary product categories: professional tools, vision protection, consumer accessories, lens care and eyecare.

Hilco Vision is owned by Blue Point Capital Partners, a private equity firm managing over $800 million in committed capital.