Acting through its Frankfurt-based European distribution subsidiary, Altra Optics, Shamir Optical Industry of Israel has acquired JMH Holdings, the British group that owns Cambridge Optical, reinforcing its position in the Northern European market. Cambridge, which specializes in glazing, surfacing and manufacturing lenses, launched the Harrods Luxury Eyewear line four years ago, but went shortly afterwards into a voluntary financial reorganization process. Altra already has subsidiaries in Spain and Portugal.
Cambridge was founded in 1973 by John Hockney, who will continue as managing director. Shamir, which was set up the year before, is apparently gaining strength also in the USA with its progressive lenses and molds. Its subsidiary in California, ShamirInsight, has just named a chief operating officer, Alwyn Gordon, in a newly created position where he will oversee finance and other administrative matters, logistics, information technology and human resources, working with the subsidiary's president, Hilaire van der Veen. A former consultant of PricewaterhouseCoopers, Gordon has run Kmart in South Africa and acted as senior vice president at The Argen Corp., the second-largest dental corporation worldwide.