Genlyte Thomas Group LLC, Louisville, Ky., announced plans to acquire the manufacturing assets, intellectual property and sales division of Vari-Lite Inc., a wholly owned subsidiary of Dallas-based Vari-Lite International Inc., a designer and manufacturer of automated lighting equipment for the entertainment industry.
Vari-Lite will sell the unit for $10.5 million to $11.5 million. The purchase price will be finalized within the next 30 days.
Larry Powers, president and CEO of
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