Legrand North America, West Hartford, Conn., a subsidiary of France’s Legrand SA, has surpassed $1 billion of sales in the North American market in 2013. The company said in a press release that 17% percent of the parent company’s global sales come from North America, where revenue increased 4.7% 2013 at constant scope of consolidation and exchange rates. Legrand North America’s portfolio of brands includes Cablofil, Electrorack, Middle Atlantic, NuVo, On-Q, Ortronics, Pass & Seymour, Vantage, WattStopper and Wiremold. Its parent company, which had 2013 sales of close to $5.9 billion, is based in Limoges, France.
John Selldorf, president and chief executive officer of Legrand North America, said some significant market factors that fueled Legrand North America’s growth include the emergence of high-performance building initiatives; standards and solutions to reduce energy usage; the expansion of data communication centers to meet the needs of today’s communication and technology applications; the evolution of home automation; and the continuously expanding DIY market.
In other news at Legrand North America, the company announced its intentions to acquire a manufacturer of copper and fiber-optic cable assemblies, Lastar Inc., Albia, Iowa, including its Quiktron and C2G divisions, and C2G, Moraine, Ohio, a manufacturer of cabling and connectivity products for the A/V and IT industries. Once finalized, Legrand’s acquisition of Lastar and its Quiktron and C2G brands will strengthen its position and capabilities in the data communications and A/V channels while simultaneously providing access to new customer segments.
“Consummation of the transaction is subject to the completion of conditions for closing, including regulatory approval, which is anticipated this month,” the press release announcing the acquisitions said. “Until such time, the companies will continue to operate independently.”