Eyewear firm buys lens maker

Bath-based designer and manufacturer of eyewear frames Inspecs Group has completed the acquisition of the manufacturing operations of The Norville Group for £2.4 million.

Norville is a manufacturer of optically advanced spectacle lenses, supplying retailers with complete spectacles, including leading brands, and is considered to have the UK’S most advanced portfolio of spectacle lenses.

The manufacturing operations are undertaken primarily from the business’ headquarters in Gloucester, with smaller operations in Bolton, Seaham and Livingston. Inspecs intends to retain part of Norville’s management team and employees as part of the acquisition.

The acquisition includes £1.2m of freehold property for Norville’s Gloucester site and the remainder for stock, plant, IP and contracts.