Masco completes Kichler lighting acquisition
The $550 million deal gives Masco an entry into the lighting industry.
Masco has seen the light.
The home improvement and building products manufacturing kingpin has completed its acquisition of L.D. Kichler Co. in a $550 million deal. The acquisition marks Masco’s entry into the lighting industry.
Based in Cleveland, Ohio, Kichler develops and manufactures decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional distribution channels.
Kichler had revenues of approximately $450 million in 2017 and employs approximately 700 people worldwide.
Headquartered in Livonia, Mich, Masco’s portfolio of brands includes Behr paint; Delta and Hansgrohe faucets, bath and shower fixtures; KraftMaid and Merillat cabinets; Milgard windows and doors; and Hot Spring spas.
The home improvement and building products manufacturing kingpin has completed its acquisition of L.D. Kichler Co. in a $550 million deal. The acquisition marks Masco’s entry into the lighting industry.
Based in Cleveland, Ohio, Kichler develops and manufactures decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across both consumer and professional distribution channels.
Kichler had revenues of approximately $450 million in 2017 and employs approximately 700 people worldwide.
Headquartered in Livonia, Mich, Masco’s portfolio of brands includes Behr paint; Delta and Hansgrohe faucets, bath and shower fixtures; KraftMaid and Merillat cabinets; Milgard windows and doors; and Hot Spring spas.
