Acuity Brands Acquires The Luminaires Group
Acuity Brands, Inc. (AYI)
Last acuity brands, inc. earnings: 4/2 08:39 am
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Source: GlobeNewswire
Atlanta, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) ("Company") today announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., has entered into a purchase agreement to acquire all of the equity interests of The Luminaires Group (“TLG”), a leading provider of specification-grade luminaires for commercial, institutional, hospitality and municipal markets, all of which complements the Company’s current and dynamic lighting portfolio. TLG’s indoor and outdoor lighting fixtures are marketed to architects, landscape architects, interior designers and engineers through five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis. TLG generates annual sales of approximately $100 million and employs over 350 associates located across five locations in the U.S. and Canada. Each TLG brand has its own niche focus: a-light designs and markets indoor architectural lighting to enhance contemporary spaces; Cyclone specializes in high-qua
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