Flex Sells Lighting Business to Linmore LED
Flex, Ltd, the $24B multinational electronics contract manufacturer has sold its Flex Lighting Solutions (FLS) business to Linmore LED.
Flex, Ltd. has exited the industrial lighting space and has sold Flex Lighting Solutions to strategic buyer, Linmore LED. CEO of Flex, Revathi Advaithi, was formerly a senior executive with Eaton -- where one of her responsibilities included the $1.6B business unit now known as Cooper Lighting Solutions.
Linmore LED will manufacture and commercialize the FLS Essentials, CH Series, and the rest of FLS industrial fixtures.
We believe Flex Lighting Solutions annual revenue to be less than $40M.
Below is the Linmore LED press release:
Linmore LED Acquires Flex Lighting Solutions
February 8, 2021—FRESNO, CA On Monday, February 8, 2021, Linmore LED acquired the operating assets, products, and intellectual property related to the High Performance Industrial Lighting business of Flex Lighting Solutions (FLS). Known for their high-quality high bay lighting systems, FLS products are among the best in the industry. Linmore LED is known for its high performing light bars, troffers, and outdoor products.
“The addition of FLS High Bays expands Linmore’s Highest Performing LED Product Line and allows both businesses to increase their customer base,” says Paul Chamberlain, Chief Executive Officer of Linmore LED, “Beyond tangible assets, Linmore has acquired engineering and marketing resources that we did not have internally.”
Not only is Linmore LED capitalizing on FLS’ operations and products, but their human capital as well. “We are thrilled to add the FLS employees to the Linmore family,” says John Gilmore, Chief Revenue Officer of Linmore LED! “With their extensive experience in the lighting industry, Linmore has added a foundation of human talent that will propel our growth and development.”
Additionally, this acquisition gives Linmore LED offices in Plano, Texas and Kansas City, Missouri and an expanded outside sales team in locations across the USA.
“Our existing manufacturing facility in Fresno is being expanded to over 120,000 square feet to accommodate the acquisition. We are proud to be adding more jobs to our local economy in Fresno, says Copper Wallace, Chief Operating Officer.
With this value-creating acquisition, Linmore LED is able to strengthen its position within the lighting industry. “This acquisition melds two strong sales teams into one that will be able to deliver high value to both the specification and ESCO markets.” says Wayne Callham, Vice President of Sales, North America.
About Linmore LED:
Linmore LED Labs is a privately owned, American operated, enterprise focused on developing ultra-performance LED lighting and wireless communication solutions for commercial and industrial facilities. Specialized technical professionals guide clients through an ever-changing business world, helping them to minimize maintenance costs, minimize energy consumption and correct lighting levels while improving overall aesthetics. Headquartered in Fresno, California, Linmore LED Labs has operations in North America and Asia.
For more information, please contact Ashley Eick, Executive Administrator at 559.485.6010 or email@example.com
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