2 Acquisitions in the Lighting industry

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:

Where to find them: Website

Industry: Electronics, Lighting, Manufacturing

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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:

Where to find them: Website

Industry: E-Commerce, Home Decor, Lighting, Retail

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

Ray is the VP of Sales at Flippa and has a passion for helping buyers find their dream digital asset, and helping sellers find a successful pathway to exit. Ray is motivated to create a more intuitive way to buy and sell online businesses, with success in managing multi-million dollar deals.

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