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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