Harbour Group Acquires Tech Lighting LLC
ST. LOUIS, May 4 /PRNewswire/ -- Harbour Group has acquired Tech Lighting
LLC, a leading designer and manufacturer of architectural lighting systems,
Sam Fox, Harbour Group's Chairman and Chief Executive Officer, announced
today. The company was purchased from Dixon Midland LLC, a private investment
group based in Chicago. Terms of the transaction were not disclosed.
Based in Skokie, Ill., Tech Lighting was founded in 1983 and has
approximately 230 employees. The company is a leading designer and
manufacturer of branded, high quality architectural lighting systems for
commercial and residential use. The company's extensive product line includes
more than 6,000 items, marketed under such well known brands as Tech
Lighting(TM), 2thousand degrees(TM) and tiella(TM). The products enjoy leading
market shares and are sold nationally through more than 1,000 retail lighting
showrooms and more than 1,000 commercial electrical distributors. Additional
information about the company and its products can be found on its website at
www.techlighting.com.
Tech Lighting represents Harbour Group's first entry into the residential
and commercial lighting sectors. Mr. Fox commented, "Tech Lighting enjoys
leading market shares, well recognized brand names, a reputation for
outstanding customer service and an award-winning design team. This
acquisition is another example of our commitment to companies with outstanding
products and service. We believe there are significant opportunities for
further penetration of its existing markets, for entry into new markets, and
for the acquisition of complementary businesses."
Joe Higgins, Tech Lighting's President, said the acquisition by Harbour
Group will allow the company to continue to pursue its growth strategy. He
commented, "Harbour Group has recognized the value we've created through
innovative product development, a focus on superior customer service and the
development of an extensive distribution network. We believe this will be a
valuable relationship for both companies and we look forward to working with
them to continue to grow the business."
Harbour Group is a privately owned company based in St. Louis. Harbour
Group and its operating companies are engaged in the manufacture and
distribution of a wide variety of consumer and industrial products, including
entertainment products, automotive enthusiast products, automotive aftermarket
accessories, architectural lighting, hearth and chimney products, auxiliary
plastic processing equipment, textile machinery, pre-engineered building
components, and heat exchange equipment.
SOURCE Harbour Group
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