Expanding its manufacturing capabilities in indoor and outdoor lighting for industrial, commercial, institutional, and residential markets, Hubbell, Inc., Orange, Conn., recently acquired LCA Group, Inc., Iselin, N.J.,the domestic lighting division of U.S. Industries, Inc. The deal was worth $250 million in cash subject to adjustment based on unnamed circumstances.
The acquisition brings to Hubbell's existing production cababilities manufacturing facilities in six states and multiple distribution centers located throughout the United States. With the addition of LCA Group, Hubbell’s existing operations serving the same end-markets are expected to reach annual sales in excess of $800 million.
“Our growth objective is to expand in Hubbell’s core business where we can leverage our market position and experience,” says Tim Powers, president and CEO of Hubbell. “This addition is a prime example.”