The Veneto-based group, world leader in the production of eyewear components, takes over one of the Belluno district’s historic companies. President Rinaldo Montalban: “Our hub is enriched with a company of excellence to meet growing market demand”.
Susegana (TV), April 2023 – Visottica Group, a leading Veneto-based company in the production of eyewear components, announces the acquisition from TechVision of the entire share capital of Ideal, a company active in the engineering and production of small metal parts for the eyewear sector based in Quero (BL).
The operation is an important step in the industrial development path launched by the Susegana-based company a few years ago, which, through a policy of targeted acquisitions, has progressively expanded and integrated the Group offer, creating a centre of excellence in the Made in Italy sector standing out for its capabilities and cutting-edge technologies at world level.
“The acquisition of a historical and strategic company for the eyewear district such as Ideal is in line with the development plan we have been resolutely pursuing in recent years” – underlines Visottica Group President Rinaldo Montalban. Thanks to the technical expertise, along with the considerable size of the Quero production site, we have the opportunity to better answer a constantly growing market demand. Ideal possesses highly specialised know-how enabling us to create virtuous synergies between the various companies that are part of the Visottica Group, also facilitated by the geographic proximity between the various production sites. This translates – continues Montalban – into more services for our customers and partners in the eyewear sector, one we have historically presided over, but also in the greater ability to move in other directions and explore new horizons by expanding our business areas. We continue the path of growth, with the aim of consolidating and expanding our industrial hub established on high-precision technologies, capable of satisfying the widest range of our customers’ needs”.
The arrival of Ideal in Visottica is part of a strategy that has enabled the Group to expand its offer and consolidate its global leadership, while maintaining a strong production presence in Italy. The Group acquired 50% of Eurodecori, a company from Belluno specialising in the production and processing of zamak parts, in 2021, and completed the acquisition of the majority of the capital of Ookii, a company specialising in precision micromechanics located in the Belluno eyewear district and also of Matrix (in which Ookii holds 100% of the capital), a leading company in the production of MIM (Metal Injection Molding) and microfusion components. It also acquired a majority stake in the Treviso-based company Ethos, which specialises in galvanic processing at the end of 2022.
Ideal, founded by Luciano Montagner in Quero (Belluno) in 1983, is a strategic supplier for the Italian eyewear district and serves the major players in the sector. The company stands out for its high level of innovation and service excellence, based on responsiveness and operational flexibility, producing 100% of its production at the Belluno site it owns of around 10,000 square metres. Following a restructuring plan that culminated in the early termination of the arrangement, Ideal had been acquired by the holding company Ethica Global Investments through its investee TechVision in 2019. With the acquisition of Ideal, the number of production plants of the Visottica Group increases to six in Italy, all located in the eyewear district of Treviso-Belluno, plus the plant in China for the production intended for the Asian market. Research and development, design ingenuity, creativity, excellence, and attention to the environment are the values on which the Group’s activities are based, and which allow it to constantly offer advanced and innovative solutions, capable of guaranteeing the highest performance in terms of durability, design, attention to detail and customisation.