Principal Industries (San Angelo, TX) announced today the acquisition of GENLED Brands, a New Jersey-based provider of LED lighting solutions. This acquisition diversifies Principal’s product portfolio across new and existing end markets while expanding its footprint inside and outside North America, according to a press release.
“GENLED is a highly complementary addition to the Principal platform. The company has built a reputation for innovation, product quality, and customer service and its differentiated product portfolio expands our capabilities across key architectural and brand imaging applications,” Todd Fiske, CEO of Principal Industries, is quoted in a press release.
“Principal is the ideal partner for GENLED as we enter our next phase of growth. Both organizations share a customer-first culture, a focus on innovation, and a commitment to providing high-quality LED solutions. By joining forces with Principal, we will be better positioned to serve our customers, expand our product offerings, and capitalize on new opportunities in the market,” Scott Vontobel, CEO of GENLED, is also quoted in the press release.
GENLED Brand will be an addition to the other Principal Industries brands, including Principal Sloan, Principal Services, LED Wizard, SloanLED and Ventex Technology.
For more information, visit pindustries.com.