LOS ANGELES, May 7, 2019 /PRNewswire/ -- Luminance Brands
today announced that it has acquired Emerson Air Comfort Products
from Emerson (NYSE: EMR). The acquired product lines from
Emerson will enable Luminance Brands to expand its product offering
in the global ceiling fan market.
This acquisition will bolster the current Concord Fan division
and will enable the company to address a broader segment of the
rapidly growing ceiling fan market. Additionally, Luminance
Brands plans to incorporate several of Air Comfort Product's
upcoming smart fan product lines into its BryteHome division, which
addresses the connected home market.
"We are excited to add Emerson's Air Comfort Products group to
the Luminance Brands family of companies," said Christopher Larocca, President and Chief
Executive Officer of Luminance Brands. "Emerson introduced
its ceiling fans to the market in 1895 and has remained a
technology leader in the space. We look forward to continuing the
tradition of innovating and delivering differentiated products to
the market for many years to come."
Luminance Brands intends to open a sales and design center in
the St. Louis area to accommodate
the Emerson employees transitioning to Luminance Brands.
Terms of the transaction were not disclosed.
ABOUT LUMINANCE BRANDS
Since 1951, Luminance has delivered distinctively decorative
lighting alongside unparalleled quality and world-class service.
Luminance Brands offers a unique collection of lighting solutions
under five distinctive brands: Sunset Lighting residential
fixtures; Concord Fans; BryteHome IoT-based lighting solutions;
ADL lighting components and electrical parts; and Hallmark
Lighting custom fixtures. Conveniently located in California, Texas, New
York, Missouri and
Illinois, Luminance Brands takes
pride in offering in-stock product with same-day shipping from all
five of its distribution centers. www.LuminanceBrands.com
ABOUT RESILIENCE CAPITAL PARTNERS
Headquartered in Cleveland,
Ohio, Resilience invests in niche-oriented manufacturing,
value added distribution and business service companies with
sustainable market positions and a clear path to cash flow
improvement. Resilience targets platform businesses with
$25 million to $250 million in revenues across a broad range of
industries where it can improve a company's operations, competitive
positioning and profitability. Resilience manages in excess of
$685 million for its global investor
base which includes pension funds, insurance companies, foundations
and endowments, fund of funds and family offices. For more
information, please visit www.resiliencecapital.com.
Media Contact:
Caryn Brownell
The Hubbell Group
781-878-8882 x5019
cbrownell@hubbellgroup.com
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SOURCE Luminance Brands