Global independent optical association CECOP enters North American market with acquisition of Combine Buying Group
New York, New York, May 5, 2020—CECOP announced today that it has acquired Combine Buying Group (“CBG”), marking its entry into the North American market and increasing its global membership of opticians and optometrists by more than 10%.
The acquisition is the first step in the firm’s aggressive strategy to acquire significant market share in North America and demonstrate its commitment to the US market. CECOP plans to leverage proven strategies for success gleaned from nearly 25 years of growth in the independent optical market globally, plus market insights locally, to deliver unmatched value to members and partner suppliers across the US.
Founded in 1996 as an alliance to help independent opticians compete with larger, corporate providers and retailers, CECOP has evolved into a global association delivering collective buying power, operational best practices, strategic solutions and other services to 4500 independent opticians and optometrists and more than 120 brand partners across Europe and Latin America. CECOP helps members most effectively manage their businesses and grow customer loyalty; it also helps partner manufacturers in the optical space reach, build brand awareness and grow business with an active group of buyers.
“CECOP will work hard to earn the trust and loyalty of CBG members in the U.S.,” said CECOP Founder and CEO Jorge Rubio. “We are excited to bring the advancements we’ve developed in European and Latin American markets to our new North American customers and know that they’ll benefit significantly from the solutions we have planned. Our goal is to be a true partner to optometrist entrepreneurs, to be by their side, helping them achieve their dreams.”
Driving CECOP’s international success has been its ability to collaborate with local partners who can add value to independent optometrists—particularly in these challenging conditions. This strategy will continue to drive CECOP’s success in the North American market. “We look forward to growing the network of U.S. manufacturers and brands that are eager to share unique offerings with our members,” said Ignacio Macias, CEO, CECOP North America. “And we are convinced that independent optometrists across North America will find in our community a fundamental place of collaboration to successfully overcome market challenges and provide great value to patients.”
CECOP is the leading global association of independent opticians and optometrists, delivering collective buying power, operational best practices, strategic solutions and other services to 4500 members and more than 120 brand partners across Europe and Latin America. CECOP is expanding globally, with operations in Spain, Portugal, Italy, England, Ireland, Brazil, Colombia and the United States.
Founded in 1996 by the visionary Jorge Rubio, CECOP has stood apart for its real and revolutionary commitment to the needs of professionals in the independent and entrepreneurial sector of the optical market. At the heart of the firm’s DNA and powering its success are CECOP’s core values: collaboration, excellence, flexibility, commitment, innovation and ethics.
CECOP is committed to driving the transformation and profitability of a global community of independent optometrists through proven, best-in-class business practices, strategic expertise, operational management, training, and scaled purchasing power with premier suppliers.
CECOP Member Relations: 1-800-676-2010
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