Kichler Lighting Acquires Commercial Lighting Manufacturer
CLEVELAND-Kichler Lighting has purchased Teron Lighting Inc., a privately owned manufacturer of commercial lighting products headquartered in Fairfield, Ohio.
"The acquisition of TLI allows us to take advantage of their core strengths, enabling us to better serve the commercial segment," said Tony Davidson, CEO and president, Kichler Lighting.
"As a family-owned company, Kichler is proud to partner with a business that clearly matches our core values," said Roy Minoff, chief administrative officer and co-owner, Kichler. "Their history, principles and corporate culture are very consistent with ours."
TLI provides commercial-grade, energy-efficient lighting solutions to such markets as assisted living, healthcare, commercial, education, government, hospitality and multifamily, as well as offers vandal-resistant and wet location fixtures. It will operate as a stand-alone entity with President Michael Bellos and CEO David Bellos continuing to manage the business. The terms of the deal were not disclosed.