Duncan and Todd buys branches from Black & Lizars
Frances Rus: business as usual
Duncan and Todd has become the largest independent optical provider in Scotland following the acquisition of nine branches from optometrist Black & Lizars.
The acquisition – completed for an undisclosed sum – is the sixth to take place since Duncan and Todd secured a £15 million investment from LDC, the private equity investor, in March last year.
The deal will see 56 Black & Lizars staff transfer to Duncan and Todd, taking the headcount to 405 and expanding the group expand into seven locations across Scotland.
Black & Lizars’ two stores in Aberdeen are being rebranded to Duncan and Todd Opticians. A further seven branches in Perth, Stirling, Dalkeith, Haddington, Helensburgh, Ayr and Troon are being renamed under the group’s 20 20 Opticians and Hearing Care brand.
There will be no disruption to customer service as a result of the deal.
Frances Rus, managing director of Duncan and Todd, said: “As long-established independent opticians of a similar size and offering, this was an ideal fit for us in terms of the services provided and the branch network.
“For patients, it will be business as usual and they will continue to be welcomed by the same teams they are familiar with but the location of the stores allows us to offer our integrated hearing and eye care services across a much wider expanse of Scotland, particularly in Perth and Stirling and around the west coast, which are all new locations for Duncan and Todd.”
Following the transfer of the nine Practices, Black and Lizars will continue to operate from 13 practices in Glasgow, Edinburgh and the surrounding suburbs of both cities, and will enhance its provision of premium Optical and Audiology services within these locations.