Kichler Lighting, manufacturer of residential lighting, announced the acquisition of Teron Lighting, manufacturer of commercial lighting products headquartered in Fairfield, Ohio.
"The acquisition of TLI allows us to take advantage of their core strengths, enabling us to better serve the commercial segment," said Tony Davidson, CEO and president, Kichler.
"As a family-owned company, Kichler is proud to partner with a business that clearly matches our core values," said Roy Minoff, chief administrative officer and co-owner, Kichler. "Their history, principles and corporate culture are very consistent with ours."
TLI provides commercial grade, energy-efficient lighting solutions serving markets such as assisted living, healthcare, commercial, education, government, hospitality and multi-family. The company also produces vandal-resistant and wet location fixtures. TLI will operate as a standalone entity with Michael Bellos and David Bellos continuing to manage the company's business. Terms of the deal were not disclosed.