Tech Lighting LLC Acquired by Harbour Group
SKOKIE, Ill., May 4 /PRNewswire/ -- Tech Lighting LLC, a leading designer and manufacturer of architectural lighting systems, announced that it has been acquired by Harbour Group, a privately owned company based in St. Louis. 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, 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. Harbour Group and its related companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products. The company focuses on the growth and development of manufacturing and distribution companies for long-term investment. 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." Mr. Higgins does not expect significant changes in the current operating structure and expects key management to continue in its current role. Tech Lighting will continue to focus on its outstanding customer service, on innovative new product introductions and on maintaining the company's position as a leading designer and manufacturer of high-quality architectural lighting systems.
SOURCE Harbour Group
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