Cooper Lighting acquires io Lighting
Cooper Lighting has acquired LED lighting fixture company io Lighting, expanding its portfolio of energy efficient LED products.
Expanding portfolio of energy efficient LED products, Cooper Lighting announced that it has acquired Illinois-based io Lighting, a light-emitting diode (LED) commercial lighting fixture company. io Lighting designs and manufactures technically advanced, environmentally friendly indoor and outdoor architectural products, which include linear floodlights, cove lighting, illuminated handrails, wall sconces and signage.
“io Lighting is a market leader in the United States, and this acquisition significantly enhances Cooper Lighting’s position in the rapidly expanding LED market,” said Neil Schrimsher, President of Cooper Lighting. “Their innovative products have given the lighting design community a wide range of tools to solve many unique illumination challenges, and io will be a strong addition to our architectural and specification product lines and to our total lighting business portfolio.”
“io Lighting has built very strong capabilities in developing LED applications for architectural lighting, and we are very excited to be part of Cooper Lighting, where we will be able to accelerate our new product development and reach a broader customer-base,” said Ann Reo, President of io Lighting.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey