Zyloware Eyewear Embarks on New Chapter with CenterGate Capital Acquisition
Zyloware Eyewear, a historic US eyewear supplier, has undergone a significant change in its ownership structure. The company, which has been family-owned and operated for over 100 years, has been acquired by a private equity firm, CenterGate Capital. This acquisition marks a new chapter in the company’s history, as it transitions from being a family-run business to being backed by a private equity fund.
Established in 1923 and headquartered in Port Chester, New York, Zyloware has built a reputation as a leading supplier of eyewear frames in North America. The company has a long history of innovation, including the development of the Invincible frame in 1964, which was the first frame made out of Nylon and became one of the industry’s most successful ever Nylon frames sold in the United States. Over the years, Zyloware has expanded its operations and evolved into a global supplier, distributing a large portfolio of house brands and licensed brands across North America.
The acquisition by CenterGate Capital is seen as a strategic move to support Zyloware’s continued growth and expansion. CenterGate Capital is a private equity firm that focuses on investing in lower-middle-market companies in North America. The firm’s investment in Zyloware is expected to provide the company with the necessary resources and expertise to navigate the ever-changing needs of the eyewear industry.
Zyloware’s history is marked by its ability to adapt to changing market conditions. In the 1980s, the company faced significant challenges as European eyewear companies began to set up their own distribution arms in the US, leading to a decline in the traditional laboratory-to-ECP distribution model. However, under the leadership of Chris and Jamie Shyer, the company’s co-CEOs, Zyloware successfully pivoted to selling directly to chains and doctors, establishing itself as a key partner for optical retailers.
Today, Zyloware is known for its high-quality products, superior customer service, and dedication to the needs of eyecare professionals and consumers. The company has built strong relationships with its customers and has established itself as a trusted partner in the industry. The acquisition by CenterGate Capital is expected to further strengthen Zyloware’s position in the market and support its continued growth and innovation.
The company’s commitment to quality and customer satisfaction is reflected in its product offerings, which include a wide range of stylish and modern frame designs. Zyloware’s collections are designed to meet the needs of consumers who are looking for lightweight, streamlined, and comfortable eyewear. The company’s use of high-tech materials, such as stainless steel, Grilamid, and monel, ensures that its products are not only stylish but also durable and long-lasting.
In recent years, Zyloware has expanded its fashion brands and has worked closely with retailers to identify market trends and niches. The company has also invested in its online presence, launching a B2B website and social media platforms to better serve its customers. The acquisition by CenterGate Capital is expected to support Zyloware’s continued investment in its products and services, ensuring that the company remains a leader in the eyewear industry.
Overall, the acquisition of Zyloware by CenterGate Capital marks a significant milestone in the company’s history. As Zyloware continues to evolve and grow, it is clear that its commitment to quality, customer satisfaction, and innovation will remain at the forefront of its operations. With the support of CenterGate Capital, Zyloware is well-positioned to navigate the changing needs of the eyewear industry and to continue to provide high-quality products and services to its customers.