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Cree acquires Ruud Lighting

18 Aug 2011 09.00 BST

(USA) - LED lighting manufacturer Cree has acquired outdoor lighting specialist Ruud Lighting in a deal worth an estimated $525 million net.

The acquisition is part of Cree’s drive to accelerate the global adoption of energy-efficient LED lighting products. Ruud Lighting will become a wholly-owned subsidiary and will continue to offer its current brands and product lines from Racine, Wisconsin, USA, as part of the Cree lighting business.

Ruud Lighting is a manufacturer and worldwide marketer of industrial, commercial and residential lighting fixtures, and manufacturer of BetaLED outdoor LED lighting products. Since 1982, divisions of Ruud Lighting have developed, manufactured and sold a range of products through various channels in locations throughout the United States, Canada, Europe, the Middle East, Africa, Russia, Mexico, Central America, Australia, New Zealand, and Southeast Asia.

Ruud Lighting offers a line of traditional HID and fluorescent products for general illumination in a variety of outdoor and indoor applications. BetaLED offers a line of LED outdoor and industrial products and a growing line of LED indoor products.

Approximately 800 Ruud Lighting employees worldwide will become employees of Cree. The combined company will be known as Cree. The BetaLED and Ruud Lighting products and operations will continue as before, and customers will also continue to work with the same sales managers and customer service representatives that they have worked with in the past.


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