Genlyte Buys Remaining Interest In Joint Venture

The Genlyte Group Inc. has agreed to purchase the 49.5 percent minority interest owned by Schreder SA in the companies’ Lumec-Schreder joint venture, bringing Genlyte’s ownership to 100 percent.

The purchase price is $1.2 million, according to a news release. The deal is expected to close in January.

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