Best known in the North American market for its Forest Lighting brand, which has been making inroads over the past couple of years in the electrical distribution market, MLS is one of the largest manufacturers of LED lighting for the consumer market in China.
HPE was founded in 2012 to be the online source for home products serving both B2B and B2C markets. Most commonly known for the web property www.EliteFixtures.com, Crescent said HPE has built a proven, scalable ecommerce platform....More
Best known in the North American market for its Forest Lighting brand, which has been making inroads over the past couple of years in the electrical distribution market, MLS is one of the largest manufacturers of LED lighting for the consumer market in China....More
The buyer of the business known as Ledvance is a Chinese consortium consisting of the strategic investor IDG Capital Partners, the Chinese lighting company MLS Co., Ltd. and the financial investor Yiwu State-Owned Assets Operation Center. MLS is known in the U.S. electrical market for its subsidiary Forest Lighting, which has been making inroads in the distributor lighting market....More
Cree, Inc., Durham, N.C., plans to sell its Wolfspeed Power and RF division, including its silicon-carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG for $850 million in cash....More
The move to sell to an electrical distributor of the size and reputation of Graybar made for an ideal transition, said Kyle Thoma, president and CEO of Cape Electrical Supply, in an interview with Electrical Marketing....More
Sipe came to BSE by way of its acquisition of Shealy Electrical Wholesalers, which it acquired earlier this month. He joined Shealy in 2011 and has been vice president of operations since June 2013....More
This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of $5.2 billion as part of the company’s overall strategic portfolio repositioning that was initiated in June 2015....More