ATLANTA, September 10, 2019 - Acuity Brands, Inc. (NYSE: AYI) (“Company”) today announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., has entered into a purchase agreement to acquire all of the equity interests of The Luminaires Group (“TLG”), a leading provider of specification-grade luminaires for commercial, institutional, hospitality and municipal markets, all of which complements the Company’s current and dynamic lighting portfolio. TLG’s indoor and outdoor lighting fixtures are marketed to architects, landscape architects, interior designers and engineers through five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis.
TLG generates annual sales of approximately $100 million and employs over 350 associates located across five locations in the U.S. and Canada. Each TLG brand has its own niche focus: a-light designs and markets indoor architectural lighting to enhance contemporary spaces; Cyclone specializes in high-quality outdoor decorative luminaires for the municipal market; Eureka concentrates on indoor and outdoor contemporary decorative lighting; Luminaire LED offers indoor and outdoor vandal-resistant lighting to withstand both environmental and physical abuse; and Luminis designs a wide range of indoor and outdoor specification lighting products for commercial and institutional applications.
Vernon J. Nagel, Chairman and Chief Executive Officer of Acuity Brands, commented, “We are very pleased to welcome the great team at The Luminaires Group to the Acuity Brands family. The addition of their strong brands to our lighting portfolio reinforces our commitment to bringing superior architectural solutions to our vast customer base. Acuity Brands will bring its connected, smart lighting expertise to the TLG brands through our leading and innovative drivers, controls and networking systems, which when combined with our existing complementary lighting brands, will provide our customers with an extensive catalog of customizable solutions for the specification community for applications of various sizes and complexities requiring innovative approaches, great design and optimum performance.”
Management expects that the acquisition will be immediately accretive to fiscal 2020 earnings. Terms of the purchase agreement are not disclosed. The acquisition is subject to customary closing conditions. Management anticipates the acquisition will be completed by the end of the month.
About The Luminaires Group
Founded in 1987, The Luminaires Group (“TLG)” is a leader in the specification-grade lighting industry. Through its unique niche brands (a-light, Cyclone, Eureka, Luminaire LED and Luminis), TLG provides a wide range of innovative lighting solutions for both interior and exterior use. Each company within TLG has a deep connection to the market segment it serves - designing, developing and manufacturing some of the industry’s most innovative products.
About Acuity Brands
Acuity Brands, Inc. (NYSE: AYI) is the North American market leader and one of the world’s leading providers of lighting and building management solutions. With fiscal year 2018 net sales of $3.7 billion, Acuity Brands currently employs approximately 12,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The Company’s products and solutions are sold under various brands, including Lithonia Lighting®, Holophane®, Aculux®, American Electric Lighting®, Antique Street Lamps™, Atrius™, DGLogik™, Distech Controls®, DTL®, eldoLED®, Gotham®, Healthcare Lighting®, Hydrel®, Indy™, IOTA®, Juno®, Lucid®, Mark Architectural Lighting™, nLight®, Peerless®, RELOC® Wiring, ROAM®, Sensor Switch®, Sunoptics® and Winona® Lighting. Visit us at www.acuitybrands.com
Forward Looking Information
This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that may be considered forward-looking include statements incorporating terms such as "expects,” “believes,” “intends,” “estimates”, “forecasts,” “anticipates,” “will,” “may,” “should”, “suggests,” “remain,” and similar terms that relate to future events, performance, or results of the Company and specifically include statements made in this press release regarding: Acuity Brands will bring its connected, smart lighting expertise to the TLG brands and when combined with the Company’s existing complementary lighting brands will provide customers with an extensive catalog of customizable solutions; expectation that the acquisition will be immediately accretive to fiscal 2020 earnings; and the acquisition is anticipated will be completed by the end of the month. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the historical experience of Acuity Brands and management’s present expectations or projections. These risks and uncertainties include, but are not limited to, customer and supplier relationships and prices; competition; ability to realize anticipated benefits from initiatives taken and timing of benefits; market demand; litigation and other contingent liabilities; and economic, political, governmental, and technological factors affecting the Company. Please see the other risk factors more fully described in the Company’s SEC filings including risks discussed in Part I, “Item 1a. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended August 31, 2018. The discussion of those risks is specifically incorporated herein by reference. Management believes these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. Further, forward-looking statements speak only as of the date they are made, and management undertakes no obligation to update publicly any of them in light of new information or future events.
EDISON, NJ, November 27, 2018 - The Apex 13 Series is now available with an optional Full Cut-Off lens with lumen packages upwards of 3,000 delivered lumens. This series has been installed successfully in large scale projects such as dorm rooms, schools, unsecured hallways, and in transportation stations.
The Apex Series is covered by our Lifetime Warranty against vandalism, including paint, chemicals, fire, gunfire, and yellowing of our polycarbonate lenses.
MONTREAL, November 15, 2018 - The Luminaires Group (“TLG") (www.luminairesgroup.com) today announced the acquisition of Luminaire Led Inc. (www.luminaireled.net), a New Jersey-based manufacturer of durable and vandal resistant LED lighting solutions. Focused on rugged design and reliability, the Luminaire-Led product offering is a complement to the TLG portfolio of award-winning brands.
Luminaire Led will operate as a standalone division and maintain its operations in Edison, New Jersey. It will continue to be managed by company president Ron Lipson.
“We are executing on a strategy of acquisition that brings specific competences to the group,” said Christian B. Fabi, president of TLG. “Luminaire Led is recognized for its advanced engineering and rigorous testing techniques that enable the development of products that stand up to the harshest of environments.”
Luminaire Led has specialized in vandal resistant lighting for over 40 years, serving a segment of the lighting market that presents unique challenges. Installed in schools, confinement and health facilities, in transportation stations and other demanding environments, Luminaire Led products are proven to withstand both environmental and physical abuse.
“We will continue to maintain our separate agent networks and distribution channels to ensure that customers continue to receive the best service possible,” added Mr. Lipson. “By joining the group, Luminaire Led will benefit from additional expertise, so we can continue to innovate in product development. For TLG, there is an opportunity to enter new markets.”
TLG now comprises five niche brands focused on design, innovation and function in various lighting industry sectors.
About Luminaire Led
Founded in 1976 as Luminaire Lighting Corporation, the company supplied units for public housing projects in New York City. Working closely with the City of New York and the Port Authority, the company developed a knowledge base of the challenges faced in lighting demanding environments. In 2011, the company changed its name to Luminaire Led to reflect the commitment to solid-state lighting technology. Luminaire Led now boasts over 40 years of successful applications and has built up a reputation for providing the most rugged and durable lighting products in North America. More at www.luminaireled.net.
About The Luminaires Group
Founded in 1987, The Luminaires Group (TLG) is a leader in the specification-grade lighting industry. Through its unique niche brands (a-light, Cyclone, Eureka, Luminaire Led and Luminis), TLG provides a wide range of innovative lighting solutions for both interior and exterior use. Each company within TLG has a deep connection to the market segment it serves – designing, developing and manufacturing some of the industry’s most innovative products.
TLG executes a strategy of acquiring companies that bring specific competences to the group and supports them in their continued evolvement. The organization leverages this combined knowledge and expertise to continuously improve process and product design, to deliver the best possible combination of cutting-edge lighting and unsurpassed support. Each brand in the group retains its autonomy and brand identity facilitating an organizational culture that is nimble and able react to its own market needs.
EDISON, NJ, October 10, 2018 - Luminaire LED proudly introduces our second product in the family of full cut-off, path of egress luminaires, the Blade. Drawing on over 40 years designing Vandal Resistant lighting, the Blade provides a tough, resilient product in a package that will complement architectural designs.
The Blade features a clean, angular construction and can be mounted on mullions as narrow as 2½” and is designed to disappear into the structure when mounted above a door or walkway. Multiple lengths and lumen packages are available as well as Integral battery back up.
and are online now.
EDISON, NJ, January 8, 2018 - The Endeavor stairwell luminaire continues to gain momentum and has become popular with both specifiers and distributors due to its performance, rich array of features and attractive price. Most important is when wall mounted, the 50 watt unit will help your specifier to meet both Life Safety Code and local energy codes such as IECC or ASHRAE 90.1.
Compact Fluorescent Lamps
Effective immediately we are discontinuing all CFL products. We bid a fond (maybe not so fond) farewell to all PL-S, PL-C and PL-T lamped fixtures. We will no longer accept orders for compact fluorescent products. Contact us if you require assistance in locating equal lumen packages in LED. CFL spec sheets will be removed from the web site this month.
EDISON, NJ, July 16, 2017 - Luminaire LED proudly introduces our second product in the family of stairwell luminaires, the Endeavor or ESF. Drawing on our experience with the TSL, the Endeavor gives you a more budget friendly product with a host of additional options.
The Endeavor is a vandal resistant, DLC listed, dedicated stairwell fixture designed to meet the stringent code requirements for means of egress stairwells. Designed for wall mounting, at 50 watts under normal power it will deliver the lumens required to achieve the 10 fc minimum required by Life Safety 101 (Section: 22.214.171.124) as well as meeting codes for power reduction when the stairwell is unoccupied. Unoccupied low levels of 10%, 20%, 30% or 50% are field adjustable. Integral battery back up is also available.
The Endeavor uses an integral High Frequency Motion Detector, capable of sensing motion from behind the lens. This feature allows us to offer the ESF as an optional WET location product.
Programmable Ambient Daylight Threshold allows the luminaire to “learn” what daylight levels will not trigger the fixture to full on
EDISON, NJ, March 9, 2017 - We are proud to introduce an expansion of our High Security Confinement series, the Super Max Recessed family of products. The Super Max Recessed Luminaire is available in four different sizes with lumen packages up to 10,387 delivered lumens. Fixtures are available for either grid or flange ceiling designs. We offer an optional flange kit to convert from grid to flange setup in the field, or the flange can be removed to covert from a flange to a grid fixture if job conditions change. All sizes are available with 14 or 16 gauge doors in either painted cold rolled steel or brushed stainless steel and lens thickness up to .75 inches.
The Super Max Recessed specification sheets and photometry are available on our website. Revit files for the Recessed Confinement fixtures will be available on our website shortly.
EDISON, NJ, December 2, 2016 – The following discontinuation notices have been issued:
Discontinued – HID
Effective January 3, 2017, Luminaire LED will no longer produce any HID products. At that time
all HID spec sheets and links to spec sheets, IES files, and Revit files will be removed from our web site.
In January you will receive an updated price book with all HID pages removed.
Discontinued – 42-PLT and 57-PLT Products
Effective immediately we are discontinuing all 42-watt and 57-watt PLT products. The expense
and lack of efficiency makes LED not only the better choice, but also a less expensive solution. New, redesigned spec sheets are currently being developed with complete removal of this lamp combination to be uploaded to our website by January. For the immediate future we will continue to produce products with 13, 18 and 26-watt PLC lamps as well as 32 watt PLT lamps.
DLC Listed Products
We now have 43 catalog items that are DLC listed with more on the way. The Stair Lighter (TSL),
Anyx (ARV13) and Vertex (CLF) products are now all DLC listed. The Swoop (SWP) 610 and 1212 are in the process of being listed with additional products listed early next year. Please check the DLC Qualified Products List at www.designlights.org/QPL for listed configuration details.