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The consolidation and reshuffling of the lighting industry continues to make waves in the electrical market. Acuity Brands, Atlanta, already a dominant player in commercial lighting and other categories, added to its stable of brands with the announcement that it will acquire Juno Lighting Group from Paris-based Schneider Electric.
Acuity said it has an agreement to acquire all of the equity interests of Juno Lighting LLC. Acuity highlighted Juno's strength in downlighting and track lighting fixtures for residential and commercial applications sold through electrical distributors, lighting showrooms, home centers, contractors, architects, engineers, lighting designers and commercial facilities.
Juno Lighting Group operates manufacturing facilities in Des Plaines, Ill., and Fishers, Ind., and generates current annual revenues of approximately $250 million.
"We are very excited about this strategic opportunity that will allow us...