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    1. Mag

    Genlyte Buys Remaining Interest In Joint Venture

    Oct. 27, 2005
    The Genlyte Group Inc. has agreed to purchase the 49.5 percent minority interest owned by Schreder SA in the companies’ Lumec-Schreder joint venture, bringing Genlyte’s ownership to 100 percent.

    The Genlyte Group Inc. has agreed to purchase the 49.5 percent minority interest owned by Schreder SA in the companies’ Lumec-Schreder joint venture, bringing Genlyte’s ownership to 100 percent.

    The purchase price is $1.2 million, according to a news release. The deal is expected to close in January.