Coleman Cable expands specialty lighting offering with acquisition of Designers Edge
Coleman Cable, Inc. (CCI), Waukegan, Ill., has completed the acquisition of the assets of The Designers Edge Inc., Bellevue, Wash., a manufacturer and distributor of specialty lighting products, for approximately $10.9 million in cash. Coleman said in a press release that the acquisition of The Designers Edge assets expands its current product portfolio across a wide range of lighting product categories, including industrial, work and utility, as well as products for security and landscape applications. These product offerings will complement CCI's existing portfolio of lighting and lighting-related products, including its portable lighting products, lighting-related timers and controls and Moonrays line of garden lighting and products. The Designers Edge had 2010 sales of more than $210 milllion.
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.