2 Acquisitions of Companies in the Lighting Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Lighting industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Lighting industry.

The Pennsylvania Globe Gaslight acquired by Manali Petrochemicals

Details about the transaction:

Acquisition amount:

$25,359,593

Announcement:

30 November 2022

Details about the company:

Gaslights are attributed with being invented by the Pennsylvania Globe Gaslight Company (Penn Globe), which is well-known for its illumination and creative design.

Headquarter:

North Branford, Connecticut, United States

Where to find them:

Industry:

Electronics, Lighting, Manufacturing

Details about the buyer:

Manali Petrochemicals is a chemicals business that creates cutting-edge products.

Headquarter:

Chennai, Tamil Nadu, India

Where to find them:

White Teak acquired by Asian Paints

Details about the transaction:

Acquisition amount:

$15,009,163

Announcement:

1 April 2022

Details about the company:

Designer lamps, hanging lights, and wooden décor are among the furnishing items that White Teak, a premium lighting and home decor firm, offers.

Headquarter:

Bengaluru, Karnataka, India

Where to find them:

Industry:

E-Commerce, Home Decor, Lighting, Retail

Details about the buyer:

Customers may get ornamental and industrial paints from Asian Paints.

Headquarter:

Mumbai, Maharashtra, India

Where to find them: