Plastic Plus Ltd
Plastic Plus Ltd is Canada's largest independent optical lens manufacturer, operating a 30,000 square foot Toronto facility to produce prescription lenses, coatings, and specialty therapeutic eyewear for independent opticians and optical labs across Canada.
- Company typePrivate
- Founded1974
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Plastic Plus Ltd does
Plastic Plus Ltd is a Toronto-based optical lens manufacturer founded in 1974 by optometrist Sydney Faibish and now operated as a third-generation family business under CEO Paul Faibish, with son Jason Faibish positioned for succession. The company operates a 30,000 square foot state-of-the-art manufacturing facility and serves Canadian independent opticians and optical labs with prescription lens surfacing, edging/mounting, tinting/mirroring, and stock lens distribution. The company self-describes as Canada's largest independent optical lab, contrasting its fully domestic production against multinational competitors that the company's own materials indicate control over 80% of the optical lab market.
The company's product portfolio blends exclusive licensed brands, proprietary in-house products, and specialty therapeutic lenses. As the exclusive Canadian manufacturer of Seiko lenses (Surmount, Superior, Supernal, Supercede II, PCWide), Plastic Plus integrates Seiko's dual patented internal free-form technology. Its proprietary Vandelay DF line uses IOT's Digital Ray-Path 2 Technology for digital free-form progressive lenses. Specialty therapeutic offerings include Avulux (patented nanomolecular filter for migraines and light sensitivity), MiOptics Narrow Band Green Light therapy, MyoLess (myopia control via asymmetric back-surface defocus), Shaw Lens (patent-pending binocular vision correction), Camber technology, and UV420 and blue-violet HEV-blocking coatings.
Plastic Plus generates revenue through wholesale B2B transactions with eyecare professionals, facilitated by an online ordering and tracking platform powered by Ocuvo and supported by daily Work In Progress reports. Pricing is not publicly disclosed; account setup requires a credit application, and stock lens customers receive discounted wholesale pricing. Distribution is exclusively domestic through direct sales to enterprise and small-business eyecare providers. The company emphasizes 100% Canadian manufacturing, full tax remittance in Canada, and avoidance of tariffs on Chinese-made optical products as central elements of its value proposition to customers.
Plastic Plus Ltd firmographics
Firmographics- Name
- Plastic Plus Ltd
- Legal name
- Plastic Plus Ltd
- Website
- https://plasticplus.ca
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Plastic Plus Ltd is Canada's largest independent optical lens manufacturer, operating a 30,000 square foot Toronto facility to produce prescription lenses, coatings, and specialty therapeutic eyewear for independent opticians and optical labs across Canada.
- Ownership category
- akta.pro rank
Plastic Plus Ltd industry classification
Industry- Product category
- Ophthalmic Lens Manufacturing
- NAICS
- Ophthalmic Goods Manufacturing (339115)
- SIC
- Ophthalmic Goods (3851)
- akta.pro primary industry
- Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment) (HLAHAJAD)
Keywords
Where Plastic Plus Ltd is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Plastic Plus Ltd business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure
Revenue model
- Optical Lab Manufacturing Services: Full-service optical laboratory providing lens surfacing, edging/mounting, tinting/mirroring, and coating services to eyecare providers across Canada.
- Stock Lens Distribution: Distribution of stock lenses with exceptional discounts to optical retailers and eyecare professionals.
- Online Ordering Platform: Proprietary online ordering and tracking system for prescription lens orders, enabling continuous order management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Stock Lens orders offer exceptional discounts |
| Other | Multi-year contract | Account setup available for credit application |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Plastic Plus Ltd product offering
Product offeringCore offering
Plastic Plus Ltd is a Toronto-based wholesale optical laboratory that manufactures and distributes prescription ophthalmic lenses to eyecare professionals across Canada. The company operates digital free-form surfacing and lens edging/mounting services, and is the exclusive Canadian manufacturer of Seiko lenses, producing 100% Canadian-made products from its Toronto facility for over 50 years.
Product overview
Plastic Plus Ltd is a 100% Canadian-owned optical laboratory offering a comprehensive portfolio of lens products and coatings. The company operates as both a manufacturer of proprietary in-house brands (Vandelay DF) and exclusive Canadian manufacturer of licensed brands (Seiko), while also distributing specialty therapeutic lenses (Avulux, MiOptics) and myopia control solutions (MyoLess). Their technology offerings include advanced lens designs such as Camber Technology, Shaw Lens patent-pending eye modeling, and UV420 coating technology. The company provides full-service optical lab capabilities including surfacing, edging/mounting, lens tinting/mirrors, and online ordering/tracking. They position themselves as Canada's largest independent optical lab, emphasizing domestic manufacturing and innovation in digital free-form lens technology.
Differentiator
Problem solved
Functional benefit
Brands
- Vandelay DF: In-house brand mentioned in press release context.
Products and services
- Vandelay DF Lenses
Quantifiable outcome
- 50% increase in manufacturing capacity with new 30,000 sq ft facility
- +2 more outcomes
Companies that use Plastic Plus Ltd
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles1 record
Plastic Plus Ltd technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Plastic Plus Ltd partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- SeikocoreExclusive Canadian manufacturer of Seiko lenses. Plastic Plus is authorized to produce and distribute Seiko's full optical lens portfolio including Surmount, Superior, Supernal, Supercede II, and PCWide product lines featuring dual patented and 100% internal free-form technology.
- IOT (Individual Optical Technology)coreProvider of advanced lens design technology. Plastic Plus incorporates IOT Digital Ray-Path 2 Technology in products like Vandelay Endless Office occupational lenses, enabling full customization and reducing oblique aberrations.
- SHAW LenscorePatent-pending lens technology for binocular vision correction. SHAW lens uses motor fusion measurements to design lenses that accommodate both eyes working together, solving for dynamic and static aniseikonia.
- AvuluxcoreMulti-band precision optical filter technology for migraine and light sensitivity management. Avulux uses patented nanomolecular technology to filter harmful wavelengths while allowing therapeutic green light.
- MiOpticscoreTherapeutic lens technology provider for Narrow Band Green Light (nbGL) therapy. MiOptics patented Augmented Perception Technology provides drug-free relief for migraines, photophobia, and neurological sensitivities.
- Canadian Vision Care (CVC)minorCharitable organization dedicated to providing eyecare services to children around the world. Plastic Plus supports their mission of bringing eye care to underserved communities.
- Pinball Clemons FoundationminorFoundation empowering youth through education. Plastic Plus participates in their initiatives to bring eyecare from margins to mainstream.
- Eyes On MalawiminorInitiative bringing eye care to those in need in Malawi. Plastic Plus accepts donated glasses and participates in international clinics.
Scale indicators5 records
Recent moves8 records
Expansion highlights4 records
Plastic Plus Ltd competitors and assessment
Company assessmentBroad incumbents
- EssilorLuxottica: World's largest vision care conglomerate combining lens manufacturing, retail, and brand portfolios; anchors the 'over 80% of market controlled by multinationals' position Plastic Plus is independent of, with overlapping lens technology and vertical integration Plastic Plus cannot match.
- Carl Zeiss Vision: Premium multinational optics brand with progressive and free-form lens offerings that compete head-on with Plastic Plus's higher-end Seiko and Vandelay free-form products across the same eyecare-provider channel.
Direct peers
- HOYA Vision Care: Global lens manufacturer with a broad portfolio of free-form progressive and specialty lenses overlapping directly with Plastic Plus's Seiko, Vandelay, and therapeutic-lens offerings targeted at independent optical customers.
- PFO Global: Independent optical lab group offering wholesale lens surfacing, edging, and finishing to eyecare professionals — a similar independent B2B lab model in a comparable mid-market footprint.
- Walman Optical: Independent US optical laboratory serving eyecare providers with comparable B2B wholesale model — surfacing, edging, and finishing prescription lenses — making it a close functional analog to Plastic Plus's Canadian lab business.
- Younger Optics: Mid-size specialty lens technology provider and current Plastic Plus partner; competes in photochromic and innovative lens segments at a similar scale and comparable customer base of independent optical labs.
- Cherry Optical Lab: US-based independent optical laboratory providing surfacing, finishing, and digital free-form lens services to independent eyecare providers — a direct analog in independent B2B optical lab operations.
Others
- IOT (Individual Optical Technology): Lens design technology licensor and current Plastic Plus partner (providing Digital Ray-Path 2 technology for Vandelay Endless Office); operates in the same value chain but as an upstream technology supplier rather than a competing lab.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Plastic Plus Ltd social profiles
Digital presencePlastic Plus Ltd compliance and trust
Trust signalCompliance1 record
Plastic Plus Ltd financial estimates
Financial estimateRevenue estimate
Valuation estimate
Plastic Plus Ltd leadership team
Management profileNumber of profiles
Profiles2 records
Plastic Plus Ltd funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Plastic Plus Ltd M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Plastic Plus Ltd
What does Plastic Plus Ltd do?
Plastic Plus Ltd is a Toronto-based wholesale optical laboratory that manufactures and distributes prescription ophthalmic lenses to eyecare professionals across Canada. The company operates digital free-form surfacing and lens edging/mounting services, and is the exclusive Canadian manufacturer of Seiko lenses, producing 100% Canadian-made products from its Toronto facility for over 50 years.
Is Plastic Plus Ltd a public or private company?
Plastic Plus Ltd is a private company. It is classified as family owned and is currently operating.
When was Plastic Plus Ltd founded?
Plastic Plus Ltd was founded in 1974. It employs 11 to 50 people.
Where is Plastic Plus Ltd based?
Plastic Plus Ltd is headquartered in Toronto, Canada, in the North America region.
How does Plastic Plus Ltd make money?
Three revenue lines are on record. Optical Lab Manufacturing Services are the primary driver. The others are stock Lens Distribution and online Ordering Platform.
Who are Plastic Plus Ltd's main competitors?
Broad incumbents on record are EssilorLuxottica and Carl Zeiss Vision. Direct peers are HOYA Vision Care, PFO Global, Walman Optical, Younger Optics and Cherry Optical Lab. IOT (Individual Optical Technology) is listed as an others.
Does Plastic Plus Ltd have an API?
No public API is recorded for Plastic Plus Ltd.
What industry is Plastic Plus Ltd in?
Plastic Plus Ltd's product category is Ophthalmic Lens Manufacturing. Its primary akta.pro industry code is HLAHAJAD, Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment). Its NAICS code is 339115 and its SIC code is 3851.