Thursday, October 29, 2015

ACUITY BRANDS TO ACQUIRE JUNO LIGHTING GROUP

 
 
ATLANTA, October 29, 2015 - Acuity Brands, Inc. (NYSE: AYI) (“Company”) today announced that it has entered into an agreement to acquire all of the equity interests of Juno Lighting LLC (“Juno Lighting Group”), a leading provider of downlighting and track lighting fixtures for both residential and commercial applications. Juno Lighting Group, a unit of Schneider Electric, serves customers throughout North America, including electrical distributors, lighting showrooms, homecenters, contractors, architects, engineers, lighting designers and commercial facilities. Juno Lighting Group operates manufacturing facilities in Des Plaines, Illinois, and Fishers, Indiana, and generates current annual revenues of approximately $250 million. 

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