WEST HARTFORD, Conn. (March 12, 2014) – Legrand North America, a subsidiary of Legrand, the global specialist in electrical and digital building infrastructures, today announced it has surpassed $1 billion of sales in the North American market in 2013. This achievement represents impressive market growth in the past 10 years, and is attributed to organic growth from new products; successful innovation and R&D initiatives; and strategic acquisitions that complemented or broadened the company’s reach into the marketplace.
With a portfolio of well-known brands that include Cablofil, Electrorack, Middle Atlantic, NuVo, On-Q, Ortronics, Pass & Seymour, Vantage, WattStopper and Wiremold, Legrand North America has taken a measured approached in its acquisition strategy as well as product development across a variety of channels related to the electrical, power, light and data markets. Additionally, Legrand North America has successfully maintained innovation in its core product categories to meet the evolving needs of its three-tier customer base of distributors, installers and end-users.
“Legrand is a company committed to innovation, and that core value has led to this remarkable milestone,” Selldorff said. “The commitment to redefining products exemplified by all Legrand’s employees has made its achievement attainable and continues to propel the company forward. Furthermore, this achievement could have never been reached without our loyal customer base and network of vendors, who have supported Legrand product lines in the North American market.”
Selldorff noted other significant market factors that enabled Legrand to enlarge its product offering and customer base, keeping all business units profitable:
- The emergence of High Performance Building initiatives, standards and solutions to reduce energy usage
- The expansion of data communication centers to meet the needs of today’s communication and technology applications
- The evolution of home automation
- And, the continuously expanding DIY market
The news of the billion dollar sales achievement for Legrand North America is one component of Legrand’s 2013 global sales results. 17 percent of Legrand’s global sales come from North America, where revenue increased 4.7 percent in 2013 at constant scope of consolidation and exchange rates.
The global sales results and the billion-dollar milestone for Legrand North America is followed by the recent announcement that Legrand intends to acquire Lastar, Inc., including its Quiktron and C2G divisions. Quiktron, based in Albia, IA is a leading manufacturer of copper and fiber optic cable assemblies for the data communications distribution channel. C2G, based in Moraine, OH, is a recognized leader of cabling and connectivity products for the A/V and IT industries. Consummation of the transaction is subject to the completion of conditions for closing, including regulatory approval, which is anticipated this month. Until such time, the companies will continue to operate independently.
Once finalized, Legrand’s acquisition of Lastar and its Quiktron and C2G brands will strengthen Legrand’s position and capabilities in the data communications and A/V channels while simultaneously providing Legrand access to new customer segments.
To learn more about Legrand, North America, visit: www.legrand.us.Tagged with tED