News

Bright Future for Vision Pharmaceuticals

17th June 2015 08:59

BRIGHT FUTURE FOR VISION PHARMACEUTICALS LIMITED T/A SPECTRUM OPHTHALMICS

MACCLESFIELD, CHESHIRE, UK – 16 June 2015.  Vision Pharmaceuticals Limited t/a Spectrum Ophthalmics (“Spectrum”), the leading distributor of ophthalmic surgical and diagnostic products in the UK, is becoming part of a pan-European ophthalmology group owned by Stirling Square Capital Partners (“Stirling Square”). In January, Stirling Square acquired Polytech-Domilens GmbH (“Polytech-Domilens”), the leading distributor of ophthalmic surgical and diagnostics products in Germany, Austria, Switzerland, Poland, Hungary and Spain. The merger with Spectrum is in line with Stirling Square’s growth strategy for Polytech-Domilens and the combination of the two companies will create a pan-European leader in the supply and distribution of ophthalmic products.

Andrew Geddes, the co-founder of Spectrum, has been appointed Chief Executive Officer (CEO) of the combined group of companies and Christian Reichenberger appointed Chief Financial Officer (CFO).  Andrew Geddes will also continue as a Managing Director of Spectrum.

After 28 years as a Director of Spectrum, Andrew Baker will be leaving his position with the company.  Andrew Geddes stated, “Andrew Baker has contributed significantly to Spectrum’s success over his many years of service with the company and all at Spectrum wish him well for the future”.

Andrew Geddes further commented “This combination will enhance and strengthen Spectrum’s position in the UK market place as the leader in the distribution and supply of ophthalmic surgical and diagnostic products throughout the UK and will strengthen our business operations in Europe.  It will further support relationships with our suppliers which will enable Spectrum and our European partners to increase market shares in all product areas.  Additionally it is also expected to result in greater efficiencies and improve customer relationships throughout our European affiliates.  We do not anticipate any changes for customers, suppliers and employees”.   

 

For further information, please contact Andrew Geddes:

PHONE NUMBER: 01625 618816

EMAIL: andrew.geddes@spectrum-uk.co.uk

WEBSITE: www.spectrum-uk.co.uk