According to a press release sent to AfroTech, the Black-owned asset management firm has set foot into an agreement to acquire Florida-based contact lens manufacturer Hydrogel Vision Corp.

The merger will lead to the creation of Black Pearl Vision. The deal is projected to be finalized by mid-September. In addition, Black Pearl Vision will then become the only Black-owned and woman-owned contact lens manufacturer in the world.

“At Black Pearl Global Investments, we saw an opportunity to increase access to vision care with a quality product, not only in the United States but also in the other locations where we operate (Africa and the Caribbean). Increasing access and reducing costs are central to Black Pearl’s mission. We can achieve that in the best way when we control more aspects of the product – that includes having ownership of the supply chain and manufacturing,” Dr. Shante Williams, CEO of Black Pearl Global Investments, wrote to AfroTech in an email interview.

Black Pearl Vision

Sign up for our daily Newsletter.