5 Things to Know: Week Ending December 31
LSI outpaces Kroger and Procter & Gamble. Agent updates amidst reshuffling Chicago market.
These Lighting Agents Made Headlines in 2022
Agents were active in territory expansions, M&A and litigation. Here are some of the highlights of 2022.
Buyer Beware: $215 Million Acquisition Goes Sideways
Alleged false claims of IP rating, ETL compliance, warranty activity. Brand is shutting down.
Lighting People: On the Move | December 2022
New career moves and promotions of some lighting people whom you may know
Acuity Brands Reveals Company Goals and Exec Compensation
In 2022, top executives were rewarded for crushing the revenue target
Construction Starts Dip 18%, Still +14% for the Year
$500+ million projects get rolling in North Carolina, Missouri and California
N.Y. UV company acquires PURO Lighting & LED Supply Co.
Applied UV, Inc. effectively doubles in size by acquiring Colorado sister companies
ams OSRAM Sheds its Last "Non-Strategic" Lighting Business
Entertainment brand Clay Paky to be acquired by Munich-based ARRI
DOE Proposes Stronger Light Bulb Efficiency Standards
"Proposed rule significantly raises the minimum lightbulb efficiency level, from 45 to over 120 lumens per watt for the most common bulbs."
Three Distributor Acquisitions Just Happened
Acquisitions expand footprint of National and Regional electrical distributor chains
IES Takes Over Management of NCQLP
LC exam and recertification programs to be implemented by Illuminating Engineering Society